The Center for Dairy Excellence offers several information resources to help producers identify opportunities to protect their profits. These documents are reviewed on a monthly “Protecting Your Profits” conference call. Click here to access the latest “Protecting Your Profits” Webinar.
Pennsylvania Dairy Industry Performance Scorecard: The Center for Dairy Excellence publishes a monthly “PA Dairy Industry Performance Scorecard,” which looks at key factors supporting the growth of Pennsylvania’s dairy industry and evaluates trends affecting Pennsylvania’s dairy farms.
- The average Pennsylvania milk cow produced 1.9 pounds more milk last month than June 2014 growing the state’s total year over year milk production by 3.1% .
- Pennsylvania’s rolling herd average held at just over 22,000 pounds of milk and 1511 pounds of components per cow, pulling PA’s 12 month rolling production to 10.828 billion pounds.
- Milk prices are 25% less than last year, feed costs are 10% lower, yielding margins that are 2/3 of June 2014.
- June’s average days in milk of 181 was 8 days less than June 2013 & 2014.
- Calving age continues to inch lower.
- June’s Cull rates are similar to 2013 & 2014.
To view a summary of this month’s scorecard, click here.
Protecting Your Profits Scorecard: To provide an overview of the national dairy industry, with consumption, marketing and production trends, the center publishes the monthly “Protecting Your Profits” scorecard.
- The final March/April MPP margin is $7.50415. The May/June margin is estimated to be in the vicinity of $7.75.
- U.S. Cow numbers fell for the first time in 17 consecutive months. These cows averaged 71.7 pounds per day, only 0.1 pound more than June 2014.
- Slaughter numbers are up from last June but comparable to 2012 & 2013 values.
- To consume this milk, both cheese and nonfat dry milk production was at near record levels in May. Powder inventories are at record levels. Cheese stocks are high and butter inventories are plentiful.
- Consumer confidence is growing.
- CME butter prices are still well above Germany and New Zealand, but U.S. powder prices are comparable to Europe and New Zealand.
- The value of U.S. dairy exports has fallen just under the monthly average of the last 3 years, but they are above May 2012 values.
Alan Zepp, the center’s risk management program manager, reviews both of these scorecards monthly during his “Protecting Your Profits” calls. The calls are held the last Wednesday of every month. Click here to access a recording of the latest call.