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.
Continue reading “WASDE Predicts Milk Production and prices Up for 2020”
The monthly dairy outlook with Mark Stephenson and Bob Cropp is available Here
For 2019, The March 8 World Agricultural Supply and Demand Estimates lowered the milk production forecast on smaller expected dairy cow numbers.
Continue reading “WASDE Lowers Milk Production Forecast; Raises All Milk Price Forecast”
February report with Bob Cropp and Mark Stephenson can be seen here
The December Outlook can be seen here
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).
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”
Continue reading “WASDE Report Lowers Production and Price Forecast”
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.
Continue reading “Dairy Revenue Protection Program and Webinar Offered”
Yesterdays WASDE report has milk production forecasts for both 2018 and 2019 lowered from last month on slower than anticipated growth in milk per cow and lower cow numbers. Although tempered by lower expected feed costs, lower milk prices will likely weaken producer margins, resulting in lower cow numbers and slower growth in milk per cow. USDA’s Cattle report, to be released on July 20th, will provide a midyear estimate of dairy cow and dairy replacement heifer inventories.
Continue reading “WASDE Lowers Production And Price Estimates”