Global Dairy Trade Event 317 concluded with the GDT Price Index down 3.5%

Key Results

AMF index down 1.7%, average price US$5,811/MT
Butter index down 7.0%, average price US$4,983/MT
BMP index down 4.4%, average price US$3,374/MT
Ched index down 3.8%, average price US$4,966/MT
LAC index not available, average price not available
SMP index down 1.6%, average price US$3,497/MT
SWP not offered
WMP index down 4.0%, average price US$3,573/MT

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

Corn Silage Webinar Series Continues in August

The Iowa State Dairy Team corn silage webinar series kicked-off this week with a focused discussion on silage processing. Dr. Bill Mahanna and Aaron Maassen outline their perspectives on silage processing and then answered questions for the audience.

Anyone who feeds and harvest corn silage can get an update on the latest trends and technology during the webinar series or view the archived programs at: https://www.extension.iastate.edu/dairyteam/webinars

The series continues with; cover crop forages on Aug. 9; forage storage Aug. 16; and forage feeding Aug. 23.

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“Best of” Four-State Dairy Nutrition and Management Conference Offered

The Four State Dairy Nutrition and Management Committee is excited to offer a new virtual “Best of” 2022 Four State Dairy Nutrition and Management Conference. The virtual offering includes recorded presentations of all the Four State Conference plenary sessions in addition to the RP Nutrients pre-conference symposium, Zinpro’s post-conference symposium and the breakfast speaker sponsored by Feedworks USA. All questions, answers and discussions are also included in the recording.

Learn the latest in transition cow nutrition and management from world renowned experts including Cornell University’s, Tom Overton, Jim Drackley, University of Illinois, Heather White, University of Wisconsin and Lance Baumgard, Iowa State University.

Other presenters include: Mary Beth Hall, USDA Forage Research Center, provided information on the new NASEM carbohydrate nutrient requirements. Gavin Staley, Diamond V, covered why heifer maturity matters to lifetime performance. Jesse Goff, Iowa State University, covered pitfalls when feeding a low DCAD diet. Milk Money CEO Jay Joy discussed how to develop your business by developing your people and Mark Hanigan, Virginia Tech, showed how to balance for amino acids using the NASEM 2021 model.

Also included are: Post-conference symposium speakers Jeff Firkins, Ohio State University, who discussed about the role of essential isoacids to improve rumen function. Andrew LePiere discussed quantifying and modeling branch chain VFA in CNCPS and Dana Tomlinson showed how essential isoacids can improve dairy profitability.

The cost for the virtual program will be $150 and will include access to the recordings until December 1, 2022. All the presentations, including the breakout sessions handouts are included. Here is the link to register for the conference.  After registering we will email you the link with a password to access the virtual program.

This is a collaborative effort of Extension Services of Iowa State University, University of Illinois, University of Minnesota and University of Wisconsin.

If you have questions on the conference, feel free to contact me at salfe001@umn.edu or 612.360.4506.

 

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Farm Prices Trending Down

According to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report all hay prices in Iowa averaged $150.00 per ton in June. This was $22.00 below the May price and $2.00 below the June 2021 price.

The June 2022 alfalfa hay price, at $157.00, was $24.00 below the previous month and $9.00 below June 2021.
The average price received for other hay during June was $130.00 per ton. This was $24.00 below the May price but $21.00
above June last year.

The average price for milk was $25.90 per cwt, $1.10 below the May price but $8.00 above June 2021. Prices received for
milk cows for dairy herd replacement averaged $1,750 per head as of July 1, 2022.

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.

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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).

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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.