The center publishes market and industry information regularly to help dairy producers and industry stakeholders stay informed and make better business decisions. This section includes the latest information published by the Center for Dairy Excellence.
DAIRY WEEK IN REVIEW
February 22, 2017: Dairy Week in Review
Annual milk production in the US in 2016 was up 1.8 percent from 2015 to 212 billion pounds. California and Wisconsin are getting closer in terms of milk production, with Wisconsin’s milk production share in 2016 increasing to 14.2 percent, while California fell to 19 percent during the year. New York reclaimed its third place position in 2016, with 14.765 billion lbs., with Idaho right behind at 14.664 billion lbs. CLICK HERE FOR THIS WEEK’S REPORT
MARKETS & MANAGEMENT UPDATE
February 24, 2017: Markets and Management
FEBRUARY: The recent softening in milk prices and uptick in corn and soy bean meal futures pulled February LGM-Dairy expected margins, calculated with the MPP feed ration, down to $8.77. The margins were $9.09 in January and $9.56 in December. The average of Class III prices for the next 12 months fell to $17.30 from last month’s $17.50. Class IV contracts average close to $15.62. Factoring in current futures market, feed prices result in projected MPP margins for 2017 of $10.12. CLICK HERE FOR THIS WEEK’S REPORT
CENTER FOCUS COLUMN
Did you ever have a family member or friend look at you and say, “That which does not kill us only makes us stronger.” I can remember countless times when I have heard this quote. It’s used often to help people get through tough times — anything from a challenging academic course to a new project at work to economic hardships and even battles with cancer and other health scares. And it is so true. Whenever you’ve been through a tough time, you come out stronger and more prepared to work through it next time.