Global Dairy Trade Event 280 concluded with the GDT Price Index down 3.8%

Key Results

AMF index up 3.7%, average price US$6,155/MT
Butter index down 2.8%, average price US$5,659/MT
BMP not offered
Ched index not available, average price US$4,250/MT
LAC index up 8.6%, average price US$1,392/MT
SMP index up 0.7%, average price US$3,350/MT
SWP not offered
WMP index down 6.2%, average price US$4,083/MT

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Lee Maassen Named ISU Dairy Club Honorary Member

On Sunday, March 14, the Dairy Science Club at Iowa State University hosted the annual Dairy Science Banquet. Animal science faculty, club members, and alumni are invited each year to recognize departmental and club success. One particular award, the Dairy Science Club Honorary Member Award, gets voted on by club members prior to the banquet. This year’s recipient is Leroy Maassen of Maurice, Iowa.

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WASDE Projects 2021 All Milk Price at $17.75 per cwt

The World Agricultural Supply and Demand estimates on Tuesday saw corn and soy supply and use mostly unchanged.

The 2020 milk production estimate is adjusted to reflect recent data revisions. For 2021, the milk production forecast is lowered slightly from last month as a higher expected cow inventory is more than offset by slower growth in milk per cow. The 2021 fat basis import forecast is reduced on lower expected imports of butterfat; fat basis exports are raised as higher shipments of butterfat more than offset lower forecast cheese exports.

On a skim-solids basis, the import forecast is unchanged due to offsetting changes in imports of a number of dairy products while the export forecast is lowered, reflecting expectations of lower lactose shipments which are partly offset by higher exports of skim/nonfat milk powder.

The annual cheese price forecast is unchanged from last month as weaker prices in the first part of 2021 are offset by improved demand later in the year. Butter, nonfat dry milk, and whey price forecasts are raised from last month with expected improvements in both domestic and export demand.

These higher product prices are reflected in higher Class III and Class IV prices. The 2021 all milk price forecast is raised to $17.75 per cwt.

I-29 Moo University Dairy Beef Short Course to be Held Virtually March 23

The I-29 Moo University Collaboration will host its seventh annual Dairy Beef Short Course March 23. This year the educational opportunity will be offered as a webinar rather than face-to-face due to the COVID-19 situation. The event is geared toward producers and industry involved in dairy beef production but is open to the public.

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Global Dairy Trade Event 279 concluded with the GDT Price Index up 15 Percent- Largest Gain Since 2015

Key Results

AMF index up 7.4%, average price US$5,929/MT
Butter index up 13.7%, average price US$5,826/MT
BMP index down 0.3%, average price US$3,144/MT
Ched index up 1.3%, average price US$4,280/MT
LAC index up 4.9%, average price US$1,278/MT
SMP index up 3.5%, average price US$3,302/MT
SWP not offered
WMP index up 21.0%, average price US$4,364/MT

Full results have been published on