Dairy Information: Protecting Your Profits

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 produced 3% more milk with 4000  fewer cows this July  compared to July 2013 while national production increased 3.9%.
  • July’s Pennsylvania production per cow is1.3 lb more than July 2013 and 2.1 lb/ head more than 2012
  • July’s  All Milk Price is 21% above last year with feed costs dropping 17% yielding margins that are 52% over last year

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.

  • Record high CME butter prices and Class IV prices held July’s All Milk Price slightly over May and June.
  • These domestic butter price spikes are occuring while international prices for butter, powder and cheese are falling!
  • June’s cow numbers are comparable to April 2012 when the last cycle peaked.
  • The May/June 2014 margin for the Margin Protection Program would be $11.96.
  • July cull cow prices set record highs for the 6th month in a row as the number of dairy cows going to slaughter was the lowest since June 2007.
  • International  prices for butter fell for the 7th consecutive month while domestic butter prices rose for the past 7 months

Alan'-photo-colorAlan 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.