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Benchmark up 32 cents

The March Federal order Class III benchmark milk price crept higher last week, propelled by higher cheese, butter and dry whey prices. The Agriculture Department announced the price at $18.10 per hundredweight, up 32 cents.

United statesNew yorkSouth dakotaNew mexicoBill brooksChicago mercantile exchangeAgriculture departmentMarch federalAll milk priceStoneheart consultingFebruary all milkDairy productsDairy reportGlobal dairy tradeFebruary dairy productsGood friday

Cream is plentiful for production needs throughout the country

The last week of March did not have a lot for the markets to feed on with respect to USDA reports regularly monitored.

United statesSierra nevadaTulare countyDave kurzawskiUncle samTom vilsackEast north africaLee mielkeNational milk producers federationFarm service agencyBrown institute in minneapolisProspective plantings cornStates checkingFebruary cheeseDairy marketDairy market news

Ample milk volumes are available for cheesemakers

Dairy farm milk tanks are not being refilled very quickly.

United statesNew zealandSouth dakotaNew mexicoNew yorkDustin winstonLucas fuessLee mielkeBrown institute in minneapolisFederal reserveUs department of agricultureRabo bankStonex dairy groupJanuary theHighground dairyGovernor newsom

Nerves were frayed this week over the collapse of banks

Nerves were frayed this week over the collapse of Silicon Valley Bank and New York’s Signature Bank.

United statesNew yorkCentral regionUnited kingdom generalUnited kingdomNew mexicoBurger kingMatt gouldLee mielkeAgriculture departmentSilicon valley bankUs department of agricultureDeposit insurance corporationIngredient hedgingBrown institute in minneapolisYork signature bank

Soybean outlook is for higher exports and reduced ending stocks

The U.S. Department of Agriculture raised its 2023 U.S. milk production estimate in the March 6 World Agricultural Supply and Demand Estimates report.

New mexicoUnited statesSouth koreaTammy baldwinDustin winstonLee mielkeDave kurzawskiDrug administrationUnited statesthe us courtConsortium for common food namesUs dairy export councilUs district courtNational milk producers federationBrown institute in minneapolisSupplemental nutrition program for womenUs department of agriculture

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