Dairy outlook with Bob Cropp and Mark Stephenson is here
The Iowa State University (ISU) Extension and Outreach Dairy Team will host “Fine-Tuning Your Dairy Goat Management” as a part of their annual Dairy Directions program on Saturday, Dec. 14 at the ISU Extension and Outreach office in Orange City and the Keystone AEA in Elkader.
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.
Even with milk prices trending up and 2020 looking to be be even better, there is lots of uncertainty still in the marketplace. Continuing weather issues, trade and tariff issues plus forage quality and availability all weigh heavy on producer minds as they struggle to finish the 2019 season.
With cow numbers moderating and storage levels slowing or declining, there is the expectation that milk prices will continue to improve. Current domestic consumption seems to be holding but there’s lots of signals out there that point to a decline in the global and USA economic health. A recession in this county would certainly but the damper on things. If negotiators could build a lasting deal for exports, the future would make a dramatic turn-around.
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”
The I-29 Moo University is hosting two dairy field days in November. Each field day will start at 12:30 PM CST and wrap up around 3:30 PM. Light refreshments and SDSU ice cream will be served. These field days are offered at no cost, so be sure to come join us for a tour of the dairies and in-depth discussions. Details for each of the field days is below.
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.