Industry experts to discuss dairy outlook on the global and US dairy markets

Webinar for dairy producers and affiliated industry members Aug. 25

The I-29 Moo University Consortium welcomes Rabobank’s global dairy strategist Mary Ledman and Vice President of Dairy Research Ben Laine for a discussion on the outlook for the global and United States dairy markets during a webinar at noon on Tuesday, Aug. 25. There is no charge to attend the webinar, and it is open to all interested parties.

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Global Dairy Trade Event 265 concluded with the GDT Price Index down 5.1%

Key Results

AMF index up 3.0%, average price US$3,994/MT
Butter index down 2.8%, average price US$3,438/MT
BMP index down 6.5%, average price US$2,259/MT
Ched index down 5.3%, average price US$3,568/MT
LAC index up 5.7%, average price US$1,349/MT
SMP index down 4.6%, average price US$2,583/MT
SWP index not available, average price not available
WMP index down 7.5%, average price US$3,003/MT

Full results have been published on www.globaldairytrade.info

Iowa Dairy Cow Numbers Fall By 2,000

Milk production in Iowa during May 2020 totaled 451 million pounds, down 2% from the previous May according to the latest USDA, National Agricultural Statistics Service – Milk Production report. The average number of milk cows during May, at 217,000 head, was down 2,000 from both last month and last year. Monthly production per cow averaged 2,080 pounds, down 20 pounds from last May.

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WASDE Predicts Higher Milk Production And Higher Prices For 2021

Milk production for 2020 is raised from last month on higher expected cow numbers. The fat basis import forecast is raised from the previous month on higher imports of butter fat products, while the fat basis export forecast is reduced on lower expected sales of cheese. The 2020 skim-solids basis import forecast is raised from last month on recent trade data and expectations of higher imports of a number of dairy products. The skim-solids basis export forecast is raised primarily on higher skim milk powder and lactose exports.

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I-29 Moo University Launches New Dairy Podcast

Dairy producers in the I-29 corridor and across Iowa, Minnesota, Nebraska and South Dakota have a new way of receiving information, thanks to a new podcast launched by the I-29 Moo University dairy consortium. Extension dairy specialists from each state help to develop the topics for the bi-weekly podcast.

“The show’s focus is unique because it aims to discuss current issues faced by dairy producers along the corridor ranging from economics and animal health, to forage, labor and farm programs,” say’s Kim Clark, Nebraska Extension Dairy Educator, and one of three regular hosts for the program.

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Iowa Milk Production Up 2 Percent In April

Milk production in Iowa during April 2020 totaled 449 million pounds, up 2% from the previous April according to the latest USDA, National Agricultural Statistics Service – Milk Production report. The average number of milk cows during April, at 219,000 head, was the same as both last month and last year. Monthly production per cow averaged 2,050 pounds, up 30 pounds from last April.

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Dairy News and Views Podcast Keeps Iowa Producers Informed

Listen to dairy team experts as they discuss important topics in the industry amid COVID-19

Dairy producers across Iowa have a new way of receiving information, thanks to a new podcast launched by dairy specialists with Iowa State University Extension and Outreach.

“Dairy News & Views from Iowa State University” began recording in April, featuring timely topics related to the COVID-19 pandemic and dairy production in general.

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Finding The New Normal

Prior to COVID increased national dairy herd and increased production pointed to lower milk prices in the future. Generally, product stocks were increasing. However, with the CARES and HEROS aid programs, government purchases have begun to lower cheese stocks. Post COVID EU is purchasing powder and storing, begging if this will negatively affect world price when they start selling.

The flip side, is for seven months exports topped year-earlier levels according to the most recent USDEC report. In March, U.S. suppliers shipped 190,456 tons of milk powders, cheese, whey products, lactose and butterfat, two percent more than the year before. This is the highest figure since May 2018. On a solids basis, exports were up three percent. Meanwhile, the value of all exports was the most since August 2014 – $592 million, 10 percent more than a year ago.

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