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
May 19, 2017: Dairy Week in Review
The European Union’s milk production increased by 0.2 percent in March to 13.5 billion metric tons, or 29.7 billion pounds, marketing the first month with a year-over-year increase since May 2016. For the first quarter of 2017, milk production in the region was down 1 percent. CLICK HERE FOR THIS WEEK’S REPORT.
MARKETS & MANAGEMENT UPDATE
May 19, 2017: Markets and Management
BASIS? The Chicago Mercantile Exchange (CME) defines basis as “the local cash market price minus the price of the nearby futures contract.” Basis relates the CME price to the local price of any commodity (corn, soy bean meal, milk etc.) so you can estimate your upcoming local price with futures markets. CLICK HERE FOR THIS WEEK’S REPORT.
CENTER FOCUS COLUMN
Finding a Path Forward
Over the past few months, I’ve been involved in conversations about Pennsylvania’s role in the dairy industry and what our future holds here in the commonwealth. Traditionally, Pennsylvania has been a fluid milk state, with milk put directly in the bottle absorbing the largest share of our milk volume. But, over the past decade, that trend has been changing, as consumers are drinking less and less milk than they were in the past.