The Latest: January - 2025
Heifer Shortage Slows Growth in Milk Production
With cull rates at a 16-year low, the industry was able to stabilize the dairy herd, but growth was fleeting. There were 9.351 million milk cows in the final month of 2024, just 3,000 more than in December 2023 and 9,000 fewer than there were in November.
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Dairy producers can live with those prices, but they are certainly uninspiring, especially after several years of hardship.
View reportThe market is still suffering a hangover after over-indulging in October and November and the damage has been done.
View reportDairy markets were not immune, and after a healthy rally last week markets suffered a sizeable setback.
View reportThe steep December selloff was a necessary correction and was not the start of a sustained downtrend. With the exception of butter, dairy demand is outpacing supply and supporting dairy product prices.
View reportCME spot Cheddar barrels dropped to a 10-month low but came roaring back. The powder markets firmed as well.
View reportMilk yields and components remain high while an unsettled market tries to digest the holiday excess.
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