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.
Milk production in Iowa during October 2019 totaled 442 million pounds, down 1 percent from the previous October according to the latest USDA, National Agricultural Statistics Service – Milk Production report. The average number of milk cows during October, at 217,000 head, was the same as last month but down 3,000 from last year. Monthly production per cow averaged 2,035 pounds, up 10 pounds from last October.
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.
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”
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.
Milk production in Iowa during August 2019 totaled 435 million pounds, down 1 percent from the previous August according to the latest USDA, National Agricultural Statistics Service – Milk Production report. The average number of milk cows during August, at 216,000 head, was the same as last month but down 4,000 from last year. Monthly production per cow averaged 2,015 pounds, up 20 pounds from last August.
The milk production forecasts for 2019 and 2020 are reduced from last month on expectations of a smaller dairy herd and slower growth in milk per cow. For 2019, the fat basis import forecast is raised from last month on strong demand for imported butter, while the fat basis export forecast is reduced slightly. The skim-solid basis import forecast for 2019 is raised on higher imports of milk protein concentrates and other dairy products. The 2019 skim-solids basis export forecast is reduced primarily on weaker-than-expected sales of nonfat dry milk (NDM). For 2020, the fat basis import forecast is raised on continued strong import demand for butter, while the fat basis export forecast is reduced on slowing sales of butterfat. The skim-solids basis import forecast for 2020 is raised, but the export forecast is lowered on expected continued weak demand for NDM and increased global competition.
Milk production in Iowa during June 2019 totaled 433 million pounds, down less than one percent from the previous June according to the latest USDA, National Agricultural Statistics Service – Milk Production report.
The average number of milk cows during June, at 217,000 head, was the same as last month but down 3,000 from last year. Monthly production per cow averaged 1,995 pounds, up 20 pounds from last June.
In the July 1 Daily Livestock Report the editor’s note that since the beginning of the year the dairy cowherd was contracting while the beef cowherd was up a full 1 percent.
The July 1 cattle inventory will be released by USDA-NASS on July 19, 2019, and the editors estimate the dairy cowherd has continued to contract through the first half of the year but has shown signs of slowing. First quarter slaughter was the largest of any quarter since 1986. The latest USDA-NASS Milk Production report came in with inventory at 9.333 million head. “Milk cow inventory is reported every month, and we would expect the July 1 inventory number to be reflective of those monthly numbers reported in June and July Milk Production Report” say the editors. Still, last year milk cows totaled 9.4 million on July 1. With monthly dairy cow slaughter up 5.6 percent year to date (Jan-May), dairy cow inventory is likely to be below a year ago. Margins in the dairy sector have improved somewhat but for many regions of the U.S. margins remain tight. Further, it seems unlikely the number of dairy cow replacements will rise above a year ago.
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”