Milk, Dairy and Grain Market Commentary
Dairy producers are bracing themselves for a very small May milk check. The futures promise meager revenues for June and July as well.
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Jun 9, 20233 min read
The Path Forward for the Sustainable Groundwater Management Act
The legislation that launched the state’s comprehensive regulation of groundwater, commonly known as SGMA, was passed in 2014. One of...
Jun 2, 20234 min read
Milk, Dairy and Grain Market Commentary
There is simply too much cheese. USDA’s Dairy Market News reports that cheese production schedules are “steady to stronger” and, for...
May 26, 20234 min read
Milk, Dairy and Grain Market Commentary
The Class III markets have tumbled for nearly six months. But there are signs that they have finally reached the valley floor. CME spot...
May 26, 20234 min read
The Producer Review Board had a Meeting
On May 25, ten members of the Producer Review Board (PRB) got together with California Department of Food and Agriculture (CDFA) staff...
May 19, 20233 min read
Milk, Dairy and Grain Market Commentary
The dairy markets dropped again, and whey led the way lower. CME spot whey powder fell 3.75ȼ to 26.5ȼ per pound. Spot whey has traded...
May 19, 20231 min read
Colorado River Update
The precipitation this winter has significantly increased the anticipated inflow to the Colorado River system, particularly into Lake...
May 12, 20234 min read
Milk, Dairy and Grain Market Commentary
The bears prowled LaSalle Street this week, and the bulls were nowhere to be found. Spot dairy product values slumped, and milk futures...
May 5, 20233 min read
Finally, an FMMO Petition from the National Milk Producers Federation
When California joined the Federal Milk Marketing Order (FMMO) program in November of 2018, it was widely believed that an update of...
May 5, 20234 min read
Milk, Dairy and Grain Market Commentary
After a long decline, the global milk powder market is tentatively on the mend. Both skim milk powder (SMP) and whole milk powder...
Apr 28, 20234 min read
Milk, Dairy and Grain Market Commentary
The feed markets tumbled once again this week. July corn futures notched their lowest price in nearly a year and closed today at $5.85...
Apr 28, 20232 min read
Lots of Water; No Place to Put It
An enormous amount of water is flowing out of the Delta into the ocean. The two pumping plants that export water to the California...
Apr 21, 20234 min read
Milk, Dairy and Grain Market Commentary
Milk prices are woefully inadequate to cover today’s stubbornly high feed costs. With poor margins and rising beef values, dairy...
Apr 14, 20234 min read
Milk, Dairy and Grain Market Commentary
The dairy industry laments the loss of 18,000 cows at a dairy in the Texas panhandle, where an equipment fire spread quickly through...
Apr 7, 20234 min read
Milk, Dairy and Grain Market Commentary
While the Easter bunny was finalizing preparations for the weekend, the bears were out in force in the dairy markets. Over the holiday...
Mar 31, 20232 min read
Our Time to Shine
The illustrated map below was part of a presentation given by state officials this week to bring attention to the tremendous...
Mar 31, 20234 min read
Milk, Dairy and Grain Market Commentary
For the last few weeks, the Cheddar markets have seemingly defied the odds. Despite plentiful milk supplies and only lukewarm demand...
Mar 24, 20234 min read
Milk, Dairy and Grain Market Commentary
Despite significant challenges, milk production continues to grow in the United States. USDA published its monthly Milk Production...
Mar 17, 20234 min read
Milk, Dairy and Grain Market Commentary
The official start of spring is right around the corner and milk volumes are responding accordingly. Output is steady to higher in most...
Mar 10, 20234 min read
Milk, Dairy and Grain Market Commentary
The spring flush is just getting started, but the nation is already drowning in milk. Dairy processors in the Central region were able...
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