Last Friday, the May dairy production totals were released, and USDA says milk production went up again in May. Production nationwide rose 1.6 percent, and the 24 major producing states saw production rise 1.7 percent. That is after production increases in April where USDA revised the April production up one-tenth of a percent.
The 24 major dairy states produced 19.1 billion pounds of milk in May. Production per cow averaged 2,125 pounds in the major producing states, and 2,110 pounds nationwide. The number of milk cows in the U.S. last month was 9.45 million head, with 9 million of those in the 24 primary producing states. Milk production in California slipped 1.8 percent on the year, below expectations, despite an incre...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
