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.
Category: Milk Prices
Global Dairy Trade Event 256 concluded with the GDT Price Index down 3.9 Percent
Key Results
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.
Dairy Markets- A Wild Ride
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.
Global Dairy Trade Event 252 concluded with the GDT Price Index up 1.7%
Key Results
AMF index down 2.6%, average price US$4,821/MT
Butter index up 5.5%, average price US$4,250/MT
BMP not offered
Ched index up 0.6%, average price US$4,048/MT
LAC index up 0.5%, average price US$806/MT
RenCas index up 4.7%, average price US$9,375/MT
SMP index up 0.7%, average price US$3,036/MT
SWP not offered
WMP index up 2.4%, average price US$3,233/MT
Full results have been published on www.globaldairytrade.info.
WASDE Report Lowers Milk Production Forecasts
On Friday the World Agricultural Supply and Demand Estimates lowered Milk production forecasts for 2019 and 2020 from December on slower expected growth in milk per cow.
Continue reading “WASDE Report Lowers Milk Production Forecasts”
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.
Deadline To Register for Dairy Directions Is Dec 6
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 and ISU dairy herd.
Continue reading “Deadline To Register for Dairy Directions Is Dec 6”
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.
Continue reading “Dairy Directions Series Dec. 10-11 in Sac City and Pocahontas”
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.
Continue reading “USDA Forecast 2020 Milks Holds At $18.85/cwt”
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.
Continue reading “Siouxland Agricultural Lenders Seminar Nov. 7 near Orange City”