Market Reports

Milk yields and components remain high while an unsettled market tries to digest the holiday excess.

Revenues improved throughout the year. Although not sufficient to undo years of financial distress, it is the highest revenue since 2014 and worthy of celebration.

The market did its job, encouraging production, discouraging sales, and returning to equilibrium at more sustainable values.

Pass the egg nog, please. USDA announced the highest Class III price in five years. That’s a lot of Christmas cheer heading for dairy producers’ mailboxes. The butter market, however, is suffering a holiday hangover.

The gains were driven by impressive improvements in milk production per cow. Higher prices and mild weather have boosted milk output.

Spot Cheddar is still at a rather lofty perch and spot barrels have the highest value in more than five years. The markets are doing their job.