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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
