Tag: Milk Price Forecast

USDA Predicts 2020 All-Milk Price At $18.90

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Due to recent declines in milk cow numbers, relatively high slaughter levels, and higher expected feed prices, milk production forecasts have been lowered for 2019 and 2020 in the USDA June World Agricultural Outlook. Dairy exports were relatively weak in April, and export forecasts have been lowered for both 2019 and 2020. The all-milk price forecast for 2019 is $18.00 per cwt, 5 cents lower than last month’s forecast. The all-milk price forecast for 2020 is $18.90 per cwt, 10 cents higher than last month’s forecast.

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WASDE Predicts Milk Production and prices Up for 2020

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The May 10 World Agricultural Supply and Demand Estimate report  has milk production for 2020 forecast higher than 2019. Dairy herds are expected to begin to expand as producers respond to higher milk prices and lower feed costs. Milk per cow is expected to continue increasing, and the forecast also reflects the one extra day due to leap year.

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WASDE Lowers Milk Production Forecast; Raises All Milk Price Forecast

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For 2019, The March 8 World Agricultural Supply and Demand Estimates lowered the milk production forecast on smaller expected dairy cow numbers.

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Milk Price Forecast Lowered By ERS

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The November 15 Livestock, Dairy and Poultry Outlook from the USDA Economic Research Service showed September ending stocks indicate that third-quarter cold and dried-egg storage for U.S. animal protein commodities changed compared to 2017 as follows: beef (up almost 3 percent), pork (down nearly 5 percent), lamb (up almost 29 percent), broilers (up more than 17 percent), turkey (down less than 1 percent), eggs (down nearly 15 percent), cheese (up more than 4 percent), and butter (up almost 11 percent).

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Dairy Programs set for Sac and Pocahontas Counties in December

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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.

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WASDE Report Lowers Production and Price Forecast

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The milk production forecasts for 2018 and 2019 are reduced from the previous month on lower cow numbers; however, stronger growth in milk per cow is expected to partially offset smaller
dairy cow numbers.
The 2018 fat basis import forecast is unchanged from the previous month, but is reduced for 2019 on lower imports of milk protein concentrates. Fat basis export forecasts for 2018 and 2019 are unchanged from last month.

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Dairy Revenue Protection Program and Webinar Offered

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USDA in conjunction with its Risk Management Agency recently unveiled the Dairy Revenue Protection (Dairy-RP) program, which is designed to insure against unexpected declines milk sales on a quarterly basis at a guaranteed coverage level.  The revenue will be based upon futures prices for milk and dairy commodities with the coverage level elected by the producer.

Webinar Offered…

The I-29 Moo University and Minnesota Milk are co-hosting a webinar – Dairy Revenue Protection: How to Make 2019 an Upside-Only Year, to help explain the details of the program and how producers can participate to help influence the outcome of their individual bottom line break-evens.  Dr. Marin Bozic, Assistant Professor in Dairy Foods Marketing Economics in the Department of Applied Economics at the University of Minnesota will be presenting the information on Tuesday, October 23rd from 12:00 p.m. – 1:00 p.m. (CDT) during a webinar.  To sign-up to participate in the webinar go to https://bit.ly/2NwW6eF to register and receive a direct link for the webinar.

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