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.
- Pennsylvania’s dairy cow numbers hold at 525,000 cows while the national herd has peaked again at 9.360 million cows after falling in September & October.
- The Commonwealth’s rolling monthly milk production reached 10.93 billion lbs. of milk in December, similar to the Commonwealth’s production in 2000.
- Production per cow in Pa increased 1.9 pounds per cow in January compared to January 2016, pushing the state’s average DHI rolling herd average to 23,307 pounds per cow.
- January margins have recovered to the highest level in two years. Feed costs are $.50 / cwt less than January 2016. $1.50 under December 2015!
- 27% of Pa DHI herds averaged more than 80 pounds of milk per cow per day.
- Somatic cell counts fell under 200,000 for the first time in any January!
- The days in milk of the average Pa DHI herd dropped three days in the past year.
- Pregnancy rates are comparable to the past three Januarys.
- The average age has fallen to 25.2 months.
- Cull rates are slightly less than last year and similar to January 2014.
US Dairy Industry Scorecard: To provide an overview the nation al dairy industry, with consumption, marketing and production trends, the center publishes the monthly “US Dairy Industry Performance” scorecard.
- The November/December MPP margin is $10.54246
- Pennsylvania MPP margins calculated with NASS values for milk, corn, alfalfa hay, and a soybean meal value of + $40.00 over the MPP value continue to trail the national MPP values. This PA value was $9.16468 – $1.37 under the national value.
- U.S. milk production per cow averaged 71.8 lbs. in January, 2.3 lb. above last year. The Pa milking herd averaged 65.5 lb., 1.9 pounds more than January 2015.
- January slaughter numbers are similar to recent years.
- January butter stocks are at the highest level since 1994 but domestic demand is also strong.
- Domestic cheese stocks are at an all time high, but so is consumption.
- CME Butter and Non Fat Dry Milk prices are less than New Zealand, but above Germany.
- On a total milk solids basis, U.S. exports = 14.5% of U.S. milk production in December. The average for 2016 was 14.2%
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.