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 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 dairy farms are focusing their management skills during this period of tight margins!
- Dairy cow numbers held at 525,000 cows while the national herd has peaked again at 9.380 million cows.
- The Commonwealth’s rolling monthly milk production grew to 10.93 billion lbs. of milk in March, similar to the Commonwealth’s production in 2001.
- Production per cow in Pa increased 2.6 pounds per cow in March compared to March 2016, pushing the state’s average DHI rolling herd average to 23,330 pounds per cow.
- March margins retreated toward fall 2016 levels. Feed costs are $.60 / cwt less than March 2016. $1.80 under March 2015!
- Approximately one third of Pa DHI herds averaged more than 80 pounds of milk and had component totals of fat and protein greater than 1650 per cow per day in March. In March of 2014, only 21% of PA’s DHI herds reached these goals.
- The monthly state average somatic cell count fell to another historic low of 188,650 !
- Pregnancy rates continue to improve. They are 1% higher than March 2014.
- The average calving age has fallen to 25.1 months, again the lowest value in the Scorecard database.
- Cull rates are similar to the past four years in March.
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 January/February MPP margin is $10.82023
- 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 $10.08 in February – $.74 under the national value.
- U.S. milk production per cow averaged 73.2 lbs. in February, 1.9 lb. above last year. The Pa milking herd averaged 67.1 lb. per cow per day in February.
- February slaughter numbers are similar to recent years.
- February butter stocks are at the highest level since 1994 but domestic demand is also strong.
- Domestic cheese stocks are at an all-time high, but so is consumption.
- CME Butter and Non Fat Dry Milk prices are less than New Zealand, but above Germany.
- On a total milk solids basis, U.S. exports = 14.5% of U.S. milk production in December. The average for 2016 was 14.2%
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.