The weighted average statistical uniform price for the Central Order #32, which includes most of Iowa and the I-29 corridor, decreased this year to $18.27 per cwt., a 26.60 percent decrease from 2022’s $23.13 average. Since implementation of Federal Order reform in 2000, the annual statistical uniform price in the Central Order has ranged from a low of $11.24 in 2002 to an all-time high of $23.13 last year. The 2023 weighted average Producer Price Differential (PPD) of $1.18 per cwt. is $0.04 more than the 2022 average. Producer marketings in the Central Order averaged 1.338 billion pounds per month during 2023, for a total of 16.053 billion pounds. This total is up 2.65 percent from 2022 and is 14.16 percent less than the record 18.700 billion pounds marketed during 2002.
Iowa Hay Price Down Compared to 2023
All hay prices in Iowa averaged $169.00 per ton in December according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was $13.00 below the November price and $6.00 below the December 2022 price. The December 2023 alfalfa hay price, at $181.00, was $8.00 below the previous month and $5.00 below December 2022. The average price received for other hay during December was $151.00 per ton. This was $2.00 above the November price but $3.00 below December last year.
The average price for milk was $19.10 per cwt, 50 cents below the November price and $4.90 below December 2022. Prices received for milk cows for dairy herd replacement averaged $1,860 per head as of January 1, 2024.
Iowa Milk Goat Numbers Down 11 Percent From 2023
Milk goat inventory in Iowa as of January 1, 2024, was 24,000 head, 11 percent below January 2023, according to the latest USDA, National Agricultural Statistics Service – Sheep and Goats report. Total meat and other goat inventory was 45,000 head, 10 percent below the previous year.
Continue reading “Iowa Milk Goat Numbers Down 11 Percent From 2023”
CME Prices Up In January
The Upper Midwest Dairy News reports commodity prices on the Chicago
Mercantile Exchange (CME) were up in January. Butter and nonfat dry milk (NFDM) saw the least amount of movement while cheese blocks, barrels, and whey saw the biggest gains from last month. Of these commodities, cheese blocks and barrels were lower than their prices last year at this time, but butter, NFDM, and whey were up. These trends are shown in the graph below.
Chicago Mercantile Exchange: Selected Dairy Commodity Prices
I-29 Moo University webinar to review research on heat stress in dairy calves on Feb. 21
The I-29 Moo University 2024 Dairy Webinar Series continues Wednesday, Feb. 21 from 12 noon to 1 p.m. CDT. The webinar will feature a review of research on heat stress in dairy calves with Dr. Jimena Laporta from the University of Wisconsin–Madison.
Monthly dairy webinar Feb. 7 to focus on the benefits of lung ultrasound in dairy calves
The Iowa State University Extension and Outreach Dairy Team monthly webinar series continues on Wednesday, Feb. 7 from 12 noon to 1 p.m. The program will focus on the benefits of lung ultrasounds in dairy calves.
Iowa December Milk Up 1 Percent
Milk production in Iowa during December 2023 totaled 500 million pounds, up 1 percent from the previous December according to the latest USDA, National Agricultural Statistics Service – Milk Production report. The average number of milk cows during December, at 240,000 head, was 1,000 above last month and up 1,000 from December 2022. Monthly production per cow averaged 2,085 pounds, up 20 pounds from last December.
Iowa’s Dairy Industry is Shifting
Information in the December Marketing Service Bulletin paints the picture of a changing Iowa dairy industry. The shift from Northeast Iowa to Northwest Iowa is significant and ongoing.
Dairy areas across the nation are shrinking to a hand-full of counties. Continue reading “Iowa’s Dairy Industry is Shifting”
Global Dairy Trade Event 348 concluded with the GDT Price Index up 2.3%
Key Results*
AMF index up 4.3%, average price US$5,842/MT (€5,338/MT) Butter index up 5.8%, average price US$5,906/MT (€5,396/MT) BMP index not available, average price not available Ched index up 1.0%, average price US$4,217/MT (€3,853/MT) LAC index up 1.3%, average price US$760/MT (€694/MT) MOZZ index down 3.3%, average price US$3,830/MT (€3,499/MTSMP index up 1.2%, average price US$2,638/MT (€2,410/MT) WMP index up 1.7%, average price US$3,353/MT (€3,064/MT)
Full results have been published on www.globaldairytrade.info/en/product-results/.
2024 all milk price is lowered to $20.00 per cwt
Milk production for 2023 is lowered from last month, with lower milk cow inventories and lower expected milk per cow according to the January World Agricultural Supply and Demand Estimates report. The 2024 production forecast is lower due to a reduced average cow inventory for the year and slower growth in output per cow. USDA’s Cattle report, which will be released January 31, will provide an indication of producer intentions for retaining dairy heifers for addition to the breeding herd.
Continue reading “2024 all milk price is lowered to $20.00 per cwt”