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.

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Global Dairy Trade Event 250 concluded with the GDT Price Index down 5.1%

Key Results

AMF index down 0.3%, average price US$4,866/MT
Butter index down 2.4%, average price US$3,886/MT
BMP not offered
Ched index up 1.7%, average price US$3,869/MT
LAC index up 0.6%, average price US$787/MT
RenCas index up 2.6%, average price US$8,260/MT
SMP index down 6.3%, average price US$2,867/MT
SWP index not available, average price not available
WMP index down 6.7%, average price US$3,099/MT

Full results have been published on www.globaldairytrade.info

USDA Extends Deadline To Sign Up For 2020 DMC Program

Due to the prolonged and extensive impacts of weather events this year, the U.S. Department of Agriculture (USDA) today extended the deadline to December 20 for producers to enroll in the Dairy Margin Coverage (DMC) program for the 2020 calendar year. The deadline had been December 13.  USDA announced is also continuing to accept applications for the Market Facilitation Program through December 20.

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Global Dairy Trade Event 249 concluded with the GDT Price Index down 0.5% on Dec 3

Key Results

AMF index down 5.1%, average price US$4,840/MT
Butter index down 4.9%, average price US$3,983/MT
BMP index up 1.6%, average price US$2,846/MT
Ched index up 2.7%, average price US$3,797/MT
LAC index not available, average price US$779/MT
RenCas index up 4.9%, average price US$8,047/MT
SMP index up 1.9%, average price US$3,068/MT
SWP index not available, average price not available
WMP index up 0.1%, average price US$3,331/MT

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.

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Farm Couple Getaway offers farm spouses opportunity to set goals, improve communication while away from the farm

In response to high levels of both personal and financial farm stress, Iowa State University Extension and Outreach is hosting a Farm Couple Getaway Feb. 21-22 at the Lakeshore Center at Okoboji in Milford.

The program is designed for farm couples who want to improve farm family communication, set goals for the family and farm, work through farm succession or just spend the weekend off the farm discussing and working on their farm family issues.

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Ag Sector: More Workers and Higher Wages

There were 23,000 workers hired directly by farms in the Cornbelt II Region (Iowa and Missouri) during the reference week of July 7-13, 2019, according to the latest USDA, National Agricultural Statistics Service – Farm Labor Report. Farm operators paid their hired workers an average wage rate of $15.08 per hour, up $1.24 from July 2018. The number of hours worked averaged 37.2 for hired workers during the reference week, compared with 33.4 hours in July 2018.

During the reference week of October 6-12, 2019, there were 26,000 workers hired directly by farms in the Cornbelt II Region (Iowa and Missouri). Farm operators paid their hired workers an average wage rate of $15.10 per hour during the October 2019 reference week, up $0.57 from October 2018. The number of hours worked averaged 38.3 for hired workers during the reference week, up from 35.6 hours in October 2018.

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Iowa Milk Production Down 1 Percent in October

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.

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