USDA Cold Storage Report Shows Dairy Stocks Up Across The Board

The USDA NASS released the Cold Storage report yesterday with data for the month of May.

Butter stocks were 321.6 million pounds in May, up 8% from April but 22% below 2021’s level. Total cheese stocks in May rose 2% from the prior month and increased 4% from a year earlier to 1.5 billion pounds setting an all-time high for cheese stocks.. Both American and Swiss cheese stocks increased 4% and 18%, respectively, from last year.

Iowa May Milk Up 3 Percent YOY

Milk production in Iowa during May 2022 totaled 493 million pounds, up 3 percent 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 232,000 head, was 1,000 above last month and up 4,000 from May 2021.
Monthly production per cow averaged 2,125 pounds, up 30 pounds from last May.

Milk production in the 24 major States during May totaled 18.8 billion pounds, down 0.6 percent from May 2021.
April revised production, at 18.3 billion pounds, was down 0.9 percent from April 2021. The April revision
represented a decrease of 3 million pounds or less than 0.1 percent from last month’s preliminary production
estimate.

Production per cow in the 24 major States averaged 2,114 pounds for May, 8 pounds above May 2021.
The number of milk cows on farms in the 24 major States was 8.91 million head, 84,000 head less than May 2021,
but 2,000 head more than April 2022.

Milk production in the United States during May totaled 19.7 billion pounds, down 0.7 percent from May 2021.
Production per cow in the United States averaged 2,096 pounds for May, 8 pounds above May 2021.
The number of milk cows on farms in the United States was 9.41 million head, 102,000 head less than May 2021,
but 2,000 head more than April 2022

Mental Health is Topic for June 22 Dairy Team Webinar

The Iowa State University Extension and Outreach Dairy Team monthly webinar series continues on Wednesday, June 22, from 12 noon to 1 p.m. The program will feature Dr. Larry Tranel and Donna Mills.

Dr. Tranel and Mills will discuss mental health in Iowa’s agricultural communities.

Continue reading “Mental Health is Topic for June 22 Dairy Team Webinar”

I-29 Moo University Webinar to Focus on Potential Changes to the Federal Milk Marketing Order

The I-29 Moo University 2022 Dairy Webinar Series continues Thursday, April 21 from 12 noon to 1 p.m. with a focus on potential changes to the Federal Milk Marketing Order (FMMO).

Continue reading “I-29 Moo University Webinar to Focus on Potential Changes to the Federal Milk Marketing Order”

Iowa Milk Prices Up; Hay Prices Down From December

The average price received by farmers for milk was $23.40 per cwt, $1.90 above the December price and $5.60 above January 2021 according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report.

All hay prices in Iowa averaged $155.00 per ton in January. This was $7.00 below the December price but $40.00 above the January 2021 price. The January 2022 alfalfa hay price, at $165.00, was $7.00 below the previous month but $44.00 above January 2021. The average price received for other hay during January was $138.00 per ton. This was $10.00 below the December price but $37.00 above January last year.

The average price for corn during January 2022 in Iowa was $5.70 per bushel  This was 16 cents above
the December price and $1.30 above January 2021.

The January 2022 average price received by farmers for soybeans, at $12.90 per bushel, was 40 cents above the
December price and $1.60 above the January 2021 price.

The January average oat price per bushel, at $4.59, was $1.16 below December but 84 cents above January 2021.

Sioux County Tops In Corn Silage Production

In 2021, Sioux County led all Iowa counties in total corn silage production with 777,000 tons, according to the USDA’s National Agricultural Statistics Service. Winneshiek (505,000), Lyon (492,000), Marshall (315,000), and Fayette (278,000) rounded out the top five highest-producing counties.
Marshall County had the highest yield with an average of 25 tons per acre harvested. Lyon County had the second highest yield at 24.5 tons per acre. Tied for third, at 23 tons per acre, were Fayette, Bremer, and Winnebago.
There were eight counties with a yield of at least 20 tons per acre.
Yields are derived from production divided by area harvested. Only published estimates were considered in rankings of counties.

Global Dairy Trade Event 300 concluded with the GDT Price Index up 4.6 Percent

Key Results

AMF index up 0.6%, average price US$6,720/MT
Butter index up 5.0%, average price US$6,158/MT
BMP not offered
Ched index up 1.1%, average price US$5,546/MT
LAC index not available, average price not available
SMP index up 5.0%, average price US$3,963/MT
SWP index not available, average price not available
WMP index up 5.6%, average price US$4,082/MT

Full results have been published on www.globaldairytrade.info.