The Iowa State University Extension and Outreach Dairy Team’s 2023 Dairy Webinar Series continues Wednesday, September 27 from 12 noon to 1 p.m. CDT, with a focus on feeding for protein and profit.
“The August protein price moved up to 2.08 from the July price of 1.15. This refocuses producer interest on increasing the protein content of their milk,” notes Iowa State University and Extension Dairy Specialist Fred Hall.
Continue reading “Feeding For Protein And Profit Webinar on Sept 27”
From the World Agricultural Supply and Demand Estimates released on July 12, the milk production forecast for 2023 is unchanged from last month. The milk production forecast for
2024 is reduced from last month, based on lower dairy cow inventories and slower growth in milk per cow.
Continue reading “WASDE Projects Lower Milk Prices In 23 & 24”
AMF index down 3.4%, average price US$4,579/MT
Butter index down 10.3%, average price US$4,842/MT
BMP index down 11.4%, average price US$2,189/MT
Ched index down 3.1%, average price US$4,386/MT
LAC index not available, average price not available
SMP index down 6.0%, average price US$2,525/MT
SWP not offered
WMP index down 0.4%, average price US$3,149/MT
Full results have been published on www.globaldairytrade.info.
The I-29 Moo University 2023 Dairy Webinar Series continues Thursday, July 20 from 12 noon to 1 p.m. CDT with a focus on milk margins.
The webinar will feature Dr. Gonzalo Ferreira, associate professor in the School of Animal Sciences (former Department of Dairy Science), Virginia Tech. Dr. Ferreira will note that indications show that margins are not promising in the near future and that close attention to financial management is as critical now as it was during previous periods.
Continue reading “I-29 Moo University Presents Producer Dairy Margins Webinar July 20”
The average price received by farmers for milk during April 2023 in Iowa was $19.30 per cwt according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. That was 90 cents below the March price and $7.80 below April 2022 and a 19-month low.
Continue reading “April Milk In Iowa Falls 90 Cents Below 2022 Price”
Registration Now Open for Upcoming Seminar
Due to COVID-19 concerns, The Siouxland and Tri-State Agricultural Lenders Seminars have been combined into one virtual seminar set for Tuesday, November 10 from 10 a.m. to 3 p.m.
Lenders who serve agricultural clients – especially those who work with dairymen across the Upper Midwest – are encouraged to attend as the seminar will focus on market outlooks for livestock, grains and dairy, plus include a focus on exports and trade issues.
Continue reading “Virtual Agricultural Lenders Seminar set for Nov. 10”
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.
Continue reading “Industry experts to discuss dairy outlook on the global and US dairy markets”
The May 12 WASDE report showed 2020 milk production forecast raised from the previous month primarily on higher-than expected cow numbers at 222.2 Billion pounds.
AMF index up 1.0%, average price US$4,331/MT
Butter index up 0.3%, average price US$4,144/MT
BMP not offered
Ched index up 2.6%, average price US$4,398/MT
LAC index up 4.9%, average price US$914/MT
RenCas index up 1.0%, average price US$9,987/MT
SMP index down 8.1%, average price US$2,527/MT
SWP index not available, average price not available
WMP index down 4.2%, average price US$2,797/MT
Full results have been published on www.globaldairytrade.info.
Global markets are being rocked by coronavirus (known as COVID-19) and the dairy markets are no exception. Butter, cheese and powder markets have seen the pressure grow as the uncertainty and fear have expanded recently.