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Benchmark jumps $1 97

The Agriculture Department announced the April Federal order Class III milk price at $24.42 per hundredweight, up $1.97 from March, $6.75 above April 2021, highest Class III since July 2020, and 18 cents shy of…

United statesNate donnayLucas fuessAgriculture departmentCommodity ingredient hedgingApril federalMarch all milk priceMilk priceBill brooksMissouri based stoneheart consultingMargin watchChicago based commodityIngredient hedgingDairy tradeRadio nowMarket intelligence

World s largest shipping port located in Shanghai China is in lockdown

U.S. milk production lagged year ago levels for the fifth consecutive month in March however that trend may be ending.

New yorkUnited statesNew mexicoSouth dakotaTom vilsackLee mielkeLucas fuessPete buttigiegNational milk producers federationAgriculture departmentIngredient hedgingAgriculture marketing serviceBiden administrationUs dairy export councilShanghai chinaState february

Concern over the falling global milk supply

Cream demand is steady to higher in the West.

United statesNorth carolinaRepublic ofNew zealandSouth koreaMatt gouldLee mielkeAgriculture departmentIngredient hedgingStonex dairy groupWorld agricultural supplyDemand estimatesDairy productsCold storageMorning updateGlobal dairy trade

The war in Ukraine and rising inflation are clouds on the horizon

Dairy trade got a little jolt this week following five consecutive sessions of gain in the Global Dairy Trade auction.

United statesNew zealandJaime castanedaLee mielkeNational milk producers federationAgriculture departmentIngredient hedgingBureau of labor statisticsNational association of animal breedersUs dairy export councilStonex dairy groupGlobal dairy tradeChicago based stonex dairy groupFebruary milk productionDairy market newsMargin watch

War between Russia and Ukraine raises havoc in every market

Volatility was the word of the day, the week, and the hour, as the war between Russia and Ukraine rages on.

United statesWest virginiaNew zealandBill brooksLee mielkeDave kurzawskiNational milk producers federationAgriculture departmentUs dairy export councilInternational dairy foods associationGlobal affairs canadaProducers councilCommodity ingredient hedgingStonex dairy groupDairy radio nowFebruary federal

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