Category: Milk Prices

Planning For Profitability Program Set for Aug. 1 in Rock Rapids

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Planning for Profitability program for farmers and agribusinesses 

One-day program will focus on planning ahead while facing shrinking margins in production agriculture

ORANGE CITY, Iowa – Iowa State University (ISU) Extension and Outreach invites local farmers and agribusiness professionals to attend a free one-day Planning for Profitability workshop in either Rock Rapids or Decorah.

Planning for Profitability in a Changing Dairy Industry will focus on options to increase profitability when facing shrinking margins; risk management strategies and how they can benefit dairy operations; changes and requirements that ag lenders may be asking for when reviewing loan requests; and a review of the milk market. Continue reading “Planning For Profitability Program Set for Aug. 1 in Rock Rapids” →

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USDA Predicts 2020 All-Milk Price At $18.90

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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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Drink One More Glass of Milk and Save a Dairy

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If only it were that easy. For many years the dairy industry has struggled with an imbalanced market- more production than domestic consumption- and generally that was a world-wide dilemma. Because milk in fluid form is highly perishable, different then corn or soy that can be stored for years, it has to be manufactured into a more stable product. Cheese, butter and powders gave a much longer shelf-life, and were put into storage by the ton.

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WASDE Predicts Milk Production and prices Up for 2020

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The May 10 World Agricultural Supply and Demand Estimate report  has milk production for 2020 forecast higher than 2019. Dairy herds are expected to begin to expand as producers respond to higher milk prices and lower feed costs. Milk per cow is expected to continue increasing, and the forecast also reflects the one extra day due to leap year.

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A Review Of What Dairy Producers Need To Know About The New Risk Management Tools Is Set For May 17

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A webinar will be hosted by I-29 Moo University at 12 noon on Friday, May 17 to review the Dairy Revenue Protection program and the Dairy Margin Coverage program. Presenters will included Marin Bozic, Assistant Professor in Dairy Foods Marketing Economics, University of Minnesota plus Josh Newton and Cassandra Monger, Compeer.

Continue reading “A Review Of What Dairy Producers Need To Know About The New Risk Management Tools Is Set For May 17” →

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WASDE Lowers Milk Production Forecast

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The milk production forecast for 2019 is lowered from last month as higher milk cow numbers are more than offset by lower expected growth in milk per cow for the year. The 2019 fat basis import forecast is unchanged from last month, but the export forecast is lowered on slower expected shipments of butterfat products and whey products.

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WASDE Lowers Milk Production Forecast; Raises All Milk Price Forecast

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For 2019, The March 8 World Agricultural Supply and Demand Estimates lowered the milk production forecast on smaller expected dairy cow numbers.

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Highs And Lows In Milk Market This Week

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CME spot nonfat dry milk (NDM) logged a fresh two-year high, reaching $1.045 per pound on Tuesday, although they slipped back to $1.03 on Friday, steady with last week. The Global Dairy Trade (GDT) auction provided the fuel for the fire in the milk powder markets. Skim milk powder (SMP) prices soared at the GDT, jumping 10.3% to the equivalent of NDM at $1.16 per pound, the highest price since Feburary 2017.

CME spot Cheddar barrels plunged Thursday to $1.185, their lowest value since July 2009. They finished today at $1.20, down 4.5ȼ this week. Blocks posted a less momentous but still discouraging 1ȼ decline. They closed at $1.40.

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