December WASDE Report Sees Gloomy Forecast For Dairy

The milk production forecast is lowered for 2017 on slower growth in milk per cow. The slower growth in milk per cow is expected to carry into 2018 and combined with an expected slower rate of growth in cow numbers, the 2018 milk production forecast is lowered- that was the good news.

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Registration Deadline For Dairy Lenders Seminar Is Oct. 27

The deadline to register for the Siouxland Dairy Lender’s Seminar is Friday, October 27. The seminar will be held on Thursday, November 2 at the Forester Community Center in Rock Rapids, Iowa. Lenders who serve agricultural clients and especially lenders who work with dairymen in Iowa, Minnesota, Nebraska and South Dakota are encouraged to attend. This year’s focus is on market outlooks for livestock, grains and dairy, long-term weather influences for agriculture plus dairy finances and ag policy.

 

The list of nationally recognized presenters include; David Oppedahl, Senior Business Economist, Federal Reserve Bank of Chicago presenting “A Fed’s Look at Dairy Economics”; Larry Tranel, ISU Extension Dairy Specialist presenting “Millionaire Model Dairy Farms”; Chad Hart, ISU Extension Economist presenting “Commodity Market Review and Outlook”; Harry Hillaker, Iowa Climatologist presenting “Agricultural Weather Outlook”; and Robert Tigner, UNL Extension Educator presenting “Dairy Market Review and Outlook”.

The cost of the program is $80 for the first person from an institution and $50 for each additional person that have made the registration by October 27. After that date, including at the door all registrations will be $100 and will not include the lunch. The program begins with registration at 9 am, with programs running from 9:30 am to 4 pm. To register, contact the Sioux County Extension office at 712.737.4230 or email Fred M. Hall at fredhall@iastate.edu for registration information.

Iowa Trade Mission To China Has Delegates Optimistic

An All-Iowa Trade Mission to China, led by Iowa Governor Kim Reynolds recently returned with optimism about the impact of the trip. They discussed trade potential as well as issues for U.S. beef, poultry, soybeans, corn, dairy, and other exports.

Larry Shover, president of the board for the Iowa State Dairy Association championed the dairy interests for the trade mission. He noted that the growing middle class plus an increase in per capita consumption of dairy will increase China’s demand. “The officials did express interest, especially for higher value dairy products like cheese, whey isolates, mozzarella, and snack items,” said Shover.

Successful Farming agriculture.com has a complete report at:

http://www.agriculture.com/news/business/iowa-delegation-to-china-finds-renewed-desire-to-move-trade-forward