As a follow-up to last week's newsletter, this week's article will dig deeper into the cash market reactions. Auction market prices dropped last week amid the decline seen in futures markets over the past two weeks. Prices were lower across all southeastern states shown in the table below for both 500-600lb steers and 700-800lb steers. Prices dropped the most in Oklahoma City and in Missouri. Prices were roughly $20 to $50 per CWT lower for 500-600 lb. steers. Averaging acros

NASHVILLE, TENN. (RFD-TV) — U.S. milk production surged over the summer, climbing 3.6 percent year-over-year during June through August, while milkfat output jumped 5.3 percent, according to the latest Dairy Market Report from the National Milk Producers Federation. Dairy cow numbers rose to 9.5 million head, and per-cow output averaged 6,153 pounds for the period — reflecting both strong productivity and rising milkfat composition, now averaging 4.2 percent. Despite record-h

China continues to import significant volumes of butter and cheese despite ongoing economic concerns and growing domestic milk production, but imports are still not as strong as they were years ago, according to Betty Berning, analyst with the Daily Dairy Report. “China has been working toward dairy self-sufficiency by investing in dairy farms, which has been bringing import values down. In addition, Chinese consumers could also be shifting their preferences to other products