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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Dairy Situation Outlook Webinar Scheduled On March 25

 

Dairy farmers and industry professionals are invited to hear Dr. Marin Bozic address the current dairy situation during a free webinar at 12 noon on Wednesday, March 25. The webinar will last one hour and will include questions at the end.

Bozic is an Assistant Professor in Dairy Foods Marketing Economics in the Department of Applied Economics at the University of Minnesota.

While registration is free, on-line pre-registration is required at:

https://attendee.gotowebinar.com/register/4143821136713372683

A link to the webinar will be sent to your email after you register. The webinar is hosted by the I-29 Moo University and Minnesota Milk.

CPI Is Strong For Dairy

The all-items Consumer Price Index (CPI) from the USDA Economic Research Service, a measure of economy-wide inflation, was down 0.1 percent from October to November 2019 and is 2.1 percent above the November 2018 level. The CPI for all food was down 0.1 percent between October and November 2019, and food prices were 2.0 percent higher than the November 2018 level. The degree of food price inflation varies depending on whether the food was purchased for consumption away from home or at home.

  • The food-away-from-home (restaurant purchases) CPI increased 0.2 percent in November and is 3.2 percent higher than November 2018; and
  • The food-at-home (grocery store or supermarket food items) CPI decreased 0.3 percent from October to November and is 1.0 percent higher than last November.

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Dairy Directions Series Dec. 10-11 in Sac City and Pocahontas

The Iowa State University (ISU) Extension and Outreach Dairy Team will host its annual Dairy Directions Series Dec. 10 in Sac City and Dec. 11 in Pocahontas.

The series will focus on replacement heifers, risk management, cooling dairy cows and updates on the dairy market outlook and ISU dairy herd.

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USDA Forecast 2020 Milks Holds At $18.85/cwt

Milk production forecasts for 2019 are raised on higher cow numbers and stronger growth in
milk per cow. For 2020, expected continued gains in milk per cow supported an increase in
the milk production forecast in this weeks WASDE report.
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Siouxland Agricultural Lenders Seminar Nov. 7 near Orange City

Registration Now Open for Upcoming Seminar

Agricultural lenders will receive current useful, research-based information during the Siouxland Agricultural Lender’s Seminar on Thursday, Nov. 7 with registration at 8:45 a.m. and programing from 9:00 a.m. to 3:45 p.m. at the Triple Box near Orange City. The seminar will present current information to assist lenders and farm financial advisors in their portfolio management, which is especially important in this era of continued market variability.

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USDA Predicts 2020 All-Milk Price At $18.90

Due to recent declines in milk cow numbers, relatively high slaughter levels, and higher expected feed prices, milk production forecasts have been lowered for 2019 and 2020 in the USDA June World Agricultural Outlook. Dairy exports were relatively weak in April, and export forecasts have been lowered for both 2019 and 2020. The all-milk price forecast for 2019 is $18.00 per cwt, 5 cents lower than last month’s forecast. The all-milk price forecast for 2020 is $18.90 per cwt, 10 cents higher than last month’s forecast.

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