AMF index down 0.9%, average price US$5,337/MT
Butter index down 0.6%, average price US$4,449/MT
BMP index not available, average price not available
Ched index up 4.0%, average price US$4,871/MT
LAC index not available, average price not available
SMP index down 0.3%, average price US$2,842/MT
SWP not offered
WMP index up 0.1%, average price US$3,218/MT
Full results have been published on www.globaldairytrade.info.
All hay stored on Iowa farms as of December 1, 2022, was estimated at 2.48 million tons, down 21 percent from December 1, 2021, according to the latest USDA, National Agricultural Statistics Service – Crop Production report. Disappearance from May 1, 2022, through December 1, 2022, totaled 1.88 million tons, compared with 1.44 million tons for the same period in 2021.
Hay stocks on farms: All hay stored on United States farms as of December 1, 2022, totaled 71.9 million tons, down 9 percent from December 1, 2021, which is the lowest December 1 stocks since 1954.
Disappearance from May 1, 2022 – December 1, 2022, totaled 57.7 million tons, down 3 percent from the same period in 2021. Record low December 1 hay stock levels were estimated in California, Colorado, and Nebraska.
The complete report can be found on the USDA NASS website at www.nass.usda.gov/Publications
Milk production for 2022 is lowered from last month with lower expected milk per cow. The
2023 production forecast is lowered with a smaller expected average cow inventory for the
year; output per cow is unchanged from last month. USDA’s Cattle report, which will be
released January 31, will provide an indication of producer intentions for retaining dairy
heifers for addition to the breeding herd.
Driven by recent trade data, fat basis imports for 2022 are unchanged with offsetting
changes for a number of products, but skim-solids basis imports are raised on expected demand for milk proteins. Strength in milk protein demand is expected to carry into 2023 and Continue reading “January WADSE Report Has 2022 All-Milk Over $25.50 per cwt”