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 milk production still grew 3.7% last month when compared to May 2014 as feed costs fell 7.5%.
- Production per cow reached an all time high for the second consecutive month of 67.3 lbs/cow per day, which pulled PA’s 12 month rolling production to another Scorecard record 10.801 billion pounds.
- Milk prices are almost $8.00/cwt less than last year but margins are improving from past moths although they are still 40% under last May.
- Pennsylvania’s rolling herd average surpassed 22,000 pounds per cow as 30% of DHI herds averages more than 80 lbs of milk last month.
- Average days in milk fell from 188 last May to180 days last month!.
- Calving age, Pregnancy rate, and Days to first service all continue to inch lower.
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 May’s margin is around $8.33
- Cow numbers have slowly increased for the past 17 consecutive months. These cows are averaging 73.1 pounds/day, yielding an all-time high milk production for one month of 18.35 billion pounds of milk.
- Slaughter numbers fell seasonally in May and they are significantly under May 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.
- US dairy exports have stabilized above May 2012 levels but under 2013 & 2014 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.