February report with Bob Cropp and Mark Stephenson can be seen here
Tag: Dairy outlook
December Milk Production In Iowa Down Slightly
Milk production in Iowa during December 2018 totaled 441 million pounds, down fractionally 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 220,000 head, was unchanged from last month and last year. Monthly production per cow averaged 2,005 pounds, down 5 pounds from last December.
Continue reading “December Milk Production In Iowa Down Slightly”
December Dairy Situation & Outlook With Bob Cropp and Mark Stephenson
The December Outlook can be seen here
November Dairy Situation & Outlook with Bob Cropp and Mark Stephenson
The November Outlook can be seen here.
Time To Visit Your Lender? Things You Should Prepare For Before Walking Into That Meeting
The I-29 Moo University is hosting a webinar on Thursday, December 20 that will focus on preparing the information that lenders will ask for. The “Improving Conversations With Your Lender” webinar will outline and explain the banking benchmarks and financial documents that lenders need to evaluate loans. The webinar is scheduled for 60 minutes beginning at 11 a.m. and will include time for questions at the end of the webinar.
Iowa Milk Production Down In October
Milk production in Iowa during October 2018 totaled 432 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 220,000 head, was unchanged from last month but 1,000 more than last year. Monthly production per cow averaged 1,965 pounds, down 30 pounds from last October.
Dairy Programs set for Sac and Pocahontas Counties in December
The Dairy Directions Seminars are scheduled for Tuesday, Dec. 11 in Sac County and Wednesday, Dec. 12 in Pocahontas County. Both programs will be held at the local Iowa State University Extension and Outreach county office.
Registration starts at 9:00 a.m. and the program begins promptly at 9:30 a.m. A free lunch is included, and the program will adjourn at 1:45 p.m.
Continue reading “Dairy Programs set for Sac and Pocahontas Counties in December”
WASDE Report Lowers Production and Price Forecast
Continue reading “WASDE Report Lowers Production and Price Forecast”
Dairy Situation Outlook with Bob Cropp and Mark Stephenson
March Production Budgets Show Feed Cost Edging Up
The March 2018 milk production budgets for Iowa and Nebraska compiled by UNL Extension Educator Robert Tigner shows the 20,000 pound March 2018 budget has a negative $1.70 per cwt, 8 cents per cwt worse than February. When calculating net revenue after all variable costs are paid, there is only $0.595 per cwt to pay fixed costs and management. Unfortunately the fixed costs are $1.55 per cwt in the 20,000 pound budget. Feed costs rose by $0.415 per cwt but income was higher by only $0.105 per hundredweight. Corn was 10 cents per bushel higher, soybean meal $24 per ton higher and cottonseed $6.25 per ton higher. On the income side, total income rose due to increased protein and butterfat prices as well as a rise in pounds of butterfat. A slight decline in protein pounds and a big move to a negative PPD, -$0.30, softened the improved component prices effects.
One more comment on this dairy budget series. It is intended to be a sort of index of returns for milk production for the I-29 corridor and much of Iowa. Fixed costs have not been updated since August 2009.
The free stall budget is available Copy of March-dairy budget 2018
The tie stall budget is available Copy of March-dairy budget tie stalls 2018.