USDA’s dairy product price outlook was increased due to a decreasing cow herd. The forecast for the average number of milk cows in 2022 has been lowered by 15,000 head, to 9.405 million. However, the projected average yield per cow in 2022 was adjusted slightly higher, at 24,075 pounds per year. The net impact is a reduction of milk produced for the year of 300 million pounds – down about 0.1 percent – to 226.5 billion pounds. Though better than last year at the same time, the feed cost of production has steadily risen this year. The milk to feed ratio – which is the amount of feed equivalent to the all-milk price (on a pound per pound basis) has steadily dropped this year, fueling the cow culling...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.