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As we close out 2020 it is time to focus on farmer financials. On a recent PDPW Dairy Signal, Dr. Kevin Bernhardt is a Professor of Agribusiness at UW-Platteville and UW-Extension Farm Management Specialist. Dr. Bernhardt’s teaching, Extension and scholarly interests include farm financial analysis and management, risk management, and commodity marketing.
Omicron became the buzzword of “Black Friday” and ever since as another chapter is being written in the ongoing COVID saga. What are the ramifications for the dairy industry? Lee Mielke talks about it with StoneX dairy broker Dave Kurzawski.
Dr. Mike Hutjens shares a recent webinar focusing on the proper age and weight for heifers first calving:
The Agriculture Department announced the November Federal order Class III milk price at $18.03 per hundredweight, up 20 cents from October, $5.31 below November 2020, but the highest Class III price since May. The 11 month average stands at $16.96, down from $18.39 a year ago and compares to $16.74 in 2019.
Wednesday’s Class III futures portend a December price at $18.04, which would result in a 2021 average of $17.05, down from $18.16 in 2020 and compares to $16.96 in 2019.
The Class IV price is $18.79, up $1.75 from October, $5.49 above a year ago, and the highest Class IV price since October 2014. Its 11-month average stands at $15.74, up from $13.50 a year ago and down from $16.26 in 2019.
Courtesy of the Mielke Market Weekly
Dr. Ryan Leiterman, director of technical services with Crystal Creek, recently returned from Northern Italy and shares some of the similarities and differences between dairying in Italy and the U.S.