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 526,000 cows while the national herd has stabilized at 9.35 million cows.
- The Commonwealth’s rolling monthly milk production reached 10.895 billion lbs. of milk in October, similar to the Commonwealth’s production in 2000.
- Production per cow was 1.8 pounds per cow above last October, pushing the state’s DHI rolling herd average to 22,248 pounds per cow.
- October margins are equal to October 2015, but feed costs are $1.80 / cwt less than last year!
- 30% 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 October.
- Pregnancy rates are .9% below last October and 2.7% below October 2014.
- 46% of Pa herds calved their heifers between 21 & 24 months of age in October significantly higher than the 36.8% in October 2014.
- Cull rates are a little higher than last year but less than October 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 final July/August MPP margin is $8.42515
- September is $9.48475
- 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 $7.54 – $.89 under the national value.
- U.S. milk production per cow averaged 69.6 lbs. in September, 1.3 lb. above last year.
- September slaughter numbers are less than August 2013 & 2015, but more than 2014.
- September butter stocks are still high 66% above the three year average and at the highest September level since 1993.
- Domestic cheese stocks are at an all-time high for a September, but only 12% more than the three year average.
- CME butter prices fell slightly over the past 3 months but European and international cheddar cheese and butter prices have increased enough that they are $.25 – $.30 above CME prices even when corrected for the stronger dollar.
- US NFDM prices are currently $.10 under Oceania when we convert to US dollars, making these milk powder products competitive internationally even with the strong dollar.
- On a total milk solids basis, U.S. exports = 14.3% of U.S. milk production in September
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.