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 have remained unchanged for two years.
- Production per cow in June was a record 66.1 lbs / cow, .4 lbs more than June 2015 and +2.3 lbs more than June 2014 .
- Milk prices are 13% below the three year average, but feed costs are 18% less.
- This yields income over feed cost and margins that are 9.3% below the 3 year average.
- Summer SCC is climbing but the average is well below June of past years.
- 57% of Pennsylvania DHI herds have an average SCC under 200,000 in June.
- Days in milk and pregnancy rates continue to increase while calving age is decreasing.
- Cull rates remain strong, but are slightly less than past years.
US Dairy Industry Scorecard: To provide an overview the national dairy industry, with consumption, marketing and production trends, the center publishes the monthly “US Dairy Industry Performance” scorecard.
- The final May/June MPP margin is $5.76277
- There were 9.328 million dairy cows in the United States in June. The herd has plateaued for the past four months. This is the largest dairy herd since the last cycle peak of 9.334 million cows in December 2008.
- U.S. milk production per cow averaged 73 lbs. / cow in June, up from 71.9 lbs. / cow a year ago.
- June slaughter numbers are slightly above the past 3 Junes.
- June butter stocks are 62% above the three year average. Cheese stocks are at an all time high, but so is consumption and population.
- Domestic cheddar cheese prices are 30% above the GDT price while the CME butter price is 15% higher than in Germany and the current Global Dairy Trade value.
- Milk powder prices around the world are slowly rising
- The May value of dairy imports is lower than last year but U.S. dairy exports are at May 2011 levels.
To read the “Forensics of a Crash” presented by Tim Hunt at the annual meeting of US Dairy Export Council, click here.
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.