Global Dairy Trade Event 234 Price Index up 0.5%

Key Results

AMF index up 4.2%, average price US$6,126/MT
Butter index up 3.5%, average price US$5,544/MT
BMP not offered
Ched index up 1.4%, average price US$4,319/MT
LAC index down 3.4%, average price US$912/MT
RenCas index down 2.4%, average price US$6,460/MT
SMP index up 0.2%, average price US$2,462/MT
SWP index not available, average price not available
WMP index down 0.7%, average price US$3,269/MT

Full results have been published on www.globaldairytrade.info.

Weekly Hay Auction Report

Rock Valley Hay Auction for Monday, Apr 15, 2019

Receipts:  35 loads    Last Week:  16 loads    Year Ago:  14 loads

Alfalfa:  Supreme: Large Rounds, 1 load 235.00.  Premium: Large Squares, 1 load 200.00.  Good: Large Rounds, 4 loads 170.00-180.00.  Fair:  Large Rounds, 5 loads 140.00-162.50; Small Squares, 1 load 165.00.
Utility:  Large Rounds, 3 loads 135.00-137.50.

Grass:  Premium:  Small Squares, 1 load 205.00.  Good:  Large Rounds, 5 loads 150.00-170.00; Small Squares, 1 load 170.00.  Fair:  Large Rounds, 3 loads 132.50-145.00.  Utility:  Large Rounds, 1 loads 115.00.

Alfalfa/Grass Mix:  Good:  Large Squares, 1 load 175.00; Large Rounds 155.00-175.00.

Straw:  Large Squares, 1 load 115.00

Corn Stalks:  Large Rounds, 4 load 45.00-57.50.

Dairy Producers Report Receiving “No-Match” Letters From Social Security Administration

Dairy producers have reported receiving Employer Correction Requests from the Social Security Administration (SSA). Commonly called “No-Match” letters, these letters inform employers of mismatches between submitted W-2 form information and SSA records. The “No-Match” letters were implemented in 1993 and discontinued in 2012, only to be resumed this year.

The letters instruct employers to access a list of their affected employees on the SSA’s Business Services Online (BSO) system. To use the BSO system, first complete a one-time registration process at:

www.socialsecurity.gov/bso/bsowelcome.htm

Ignoring the letter and failing to take action on the request could result in some jeopardy for the producer.

Continue reading “Dairy Producers Report Receiving “No-Match” Letters From Social Security Administration”

WASDE Lowers Milk Production Forecast

The milk production forecast for 2019 is lowered from last month as higher milk cow numbers are more than offset by lower expected growth in milk per cow for the year. The 2019 fat basis import forecast is unchanged from last month, but the export forecast is lowered on slower expected shipments of butterfat products and whey products.

Continue reading “WASDE Lowers Milk Production Forecast”

Weekly Hay Auction Report

Rock Valley Hay Auction for Monday, Mar 18, 2019

Receipts: 17 loads Last Week: 19 loads Year Ago: 24 loads

Alfalfa: Premium: Large Rounds, 1 load 157.50. Good: Large Rounds, 2 loads 140.00-150.00. Fair: Large Rounds, 5 loads 125.00-135.00.

Grass: Premium: Large Rounds, 4 loads 150.00-180.00. Good: Large Rounds, 1 load 130.00. Fair: Large Rounds, 2 loads 120.00-122.50.

Alfalfa / Grass Mix: Good: Large Squares, 1 load 145.00.

Corn Stalks: Large Rounds, 1 load 77.50.

Cows Steady; Production Up Slightly In Iowa

Milk production in Iowa during February 2019 totaled 411 million pounds, up slightly from the previous February according to the latest USDA, National Agricultural Statistics Service – Milk Production report. The average number of milk cows during February, at 220,000 head, was unchanged from last month and last year. Monthly production per cow averaged 1,870 pounds, up 10 pounds from last February.

Continue reading “Cows Steady; Production Up Slightly In Iowa”

Weekly Hay Auction Report

Rock Valley Hay Auction for Monday, Mar 11, 2019

Receipts:  19 loads    Last Week: 17 loads    Year Ago: 33 loads

Alfalfa:  Premium: Large Squares, 1 load 170.00.  Good: Large Rounds, 
3 loads 140.00-150.00.  Fair: Large Rounds, 3 loads 127.50-135.00.

Grass:  Premium:  Large Rounds, 1 load 147.50.  Good: Large Rounds, 6
loads 132.50-140.00.  Fair:  Large Rounds, 1 load 127.50.

Corn Stalks:  Large Rounds, 2 loads 70.00.

Oat Hay:  Large Rounds, 1 load 112.50.

January Milk Production In Iowa Up 2 Percent; Cows Steady

Milk production in Iowa during January 2019 totaled 457 million pounds, up 2 percent from the previous January according to the latest USDA, National Agricultural Statistics Service – Milk Production report. The average number of milk cows during January, at 220,000 head, was unchanged from last month and last year. Monthly production per cow averaged 2,075 pounds, up 40 pounds from last January.

Continue reading “January Milk Production In Iowa Up 2 Percent; Cows Steady”

Weekly Hay Auction Report

Rock Valley Hay Auction for Thursday, Mar 7, 2019
Receipts:  49 loads    Last Week:  75 loads    Last Year:  34 loads    

Alfalfa:  Premium: Large Squares, 2 loads 175.00-180.00.  Good:
Large Rounds, 5 loads 150.00-162.50.  Fair: Large Rounds, 11 loads
130.00-145.00.  Utility:  Large Rounds, 1 load 127.50.

Grass:  Premium: Large Rounds, 5 loads 160.00-180.00.  Good:  Large
Squares, 1 load 157.50; Large Rounds, 10 loads 142.50-157.50.  Fair:
Large Rounds, 1 load 127.50.

Alfalfa / Grass Mix:  Premium: Large Rounds, 2 loads 160.00-162.50.
Good:  Large Rounds, 5 loads 142.50-157.50.  Fair:  Large Squares, 1 load
125.00.

Straw:  2 loads Large Squares, 80.00-90.00.

Cornstalks:  Large Rounds, 7 loads 62.50-77.50.

WASDE Lowers Milk Production Forecast; Raises All Milk Price Forecast

For 2019, The March 8 World Agricultural Supply and Demand Estimates lowered the milk production forecast on smaller expected dairy cow numbers.

Continue reading “WASDE Lowers Milk Production Forecast; Raises All Milk Price Forecast”