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 very close to $7.50.
- April cow numbers seem to have plateaued at 9,305,000 after climbing for 15 months. These cows are averaging 73.2 pounds/day, which has pushed total U.S. milk production to 207 billion pounds in the past 12 months.
- April slaughter numbers grew from March 2014, but they are comparable to April values in 2012 & 2013.
- Butter and cheese inventories increased from last Apri, but are below April 2013. Non fat dry milk powder stocks in the U.S. are 29% over the average of the past 36 months.
- Consumer confidence and the dollar index both softened slightly, while unemployment continues to drop.
- CME butter prices are well above Germany and New Zealand.
- US dairy exports climbed to a nine-month high in March, with overseas sales of dairy products valued at $54 million..
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.