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.
- Dairy cow numbers held at 525,000 cows while the national herd has peaked again at 9.393 million cows.
- The Commonwealth’s rolling monthly milk production grew to 10.96 billion lbs. of milk in May, similar to the Commonwealth’s production in 2001.
- The average production per cow grew 2 pounds since May 2016 to 69 pounds, pushing the state’s average DHI rolling herd average to 22,456 pounds per cow.
- The national herd only increased production .8 pounds per cow / day to 74.8.
- May margins recovered from April’s dip. These margins remain moderately strong because feed costs are almost $1.00 per hundredweight less than last May!
- Almost one third of Pa DHI herds averaged above 80 pounds of milk.
- These Pa DHI herds averaged 1550 pounds of of total fat and protein with more than 36% of the herds producing at least 1650 pounds of total components.
- Somatic cell counts and days in milk increased from last May.
- More than 1 in 5 Pa herds have a preg rate above 29%!
- The average calving age has fallen to 25 months. Almost half of DHI herds have a calving age between 21 & 24 months!
- Cull rates are falling very slightly.
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 March/ April MPP margin is $8.94898
- The Pennsylvania MPP margin, calculated with NASS values for milk, corn, alfalfa hay, and a soybean meal value of + $40.00 over the MPP value was $8.71 in the March/April period.
- April slaughter numbers are similar to recent years.
- April butter stocks are similar to April 2015 & 2013. Domestic butter demand continues to be strong.
- Domestic cheese stocks are at an all-time high, but so is consumption.
- CME Cheese, Butter, and Non-Fat Dry Milk prices are similar to those in Europe and Oceania.
- U.S. dairy exports in the first quarter of 2017 were up 14 percent by volume and 17 percent by value compared with a year ago. On a total milk solids basis, U.S. exports = 14.1% of U.S. milk production in March compared to 12.1% in March 2016.
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.