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 fell to 525,000 cows while the national herd has recovered to 9.39 million cows after fall to 9.35 million.
- The Commonwealth’s rolling monthly milk production reached 10.916 billion lbs. of milk in October, similar to the Commonwealth’s production in 2000.
- Production per cow was 2.1 pounds per cow above last November, pushing the state’s DHI rolling herd average to 22,284 pounds per cow.
- November margins are $1.00 below November 2015, while feed costs are $.80 / cwt less than last year.
- 31% of Pa herds have a combined butterfat and protein yield over 1650 lbs.
- Somatic cell counts and average days in milk are both lower than last November.
- Pregnancy rates have fallen considerably, 2.1% below last November and 3.6% below November 2014.
- 46.5% of Pa herds calved their heifers between 21 & 24 months of age in October significantly higher than the 42% in November 2014.
- Cull rates have fallen from November 2015, very similar to 2013 and 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 MPP margin is $9.98414
- 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 $8.65 – $1.33 under the national value.
- U.S. milk production per cow averaged 70.1 lbs. in November, 1.5 lb. above last year. The Pa milking herd averaged 64 lb., 2.1 pounds more than November 2015.
- November slaughter numbers are comparable to 2013, 5-10% above 2014 & 2015.
- November butter stocks are still high but domestic demand is also strong.
- Domestic cheese stocks are slightly over last November.
- CME butter prices are comparable to other world prices after the currency conversions.
- US NFDM prices are currently $.15 under Oceania when we convert to US dollars, but Skim Milk Powder in Europe is $.10 or 10% cheaper than domestic prices. .
- On a total milk solids basis, U.S. exports = 15.8% of U.S. milk production in November, 1.7% over November 2015.
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.