The Agriculture Department announced the November Federal order Class I base milk price at $15.52 per hundredweight, down 81 cents from October, 89 cents below November 2017, and equates to $1.33 per gallon, down from $1.40 in October. It is California’s first Federal order Class I base price. As in the other milk market orders of the country, this is the price that is added to its individual Class I differential in order to determine that order’s Class I milk price. The 11 month Class I average stands at $14.82, down from $16.41 a year ago and $14.61 in 2016.
Courtesy Mielke Market Weekly
Feeding bypass proteins and the benefits of doing so is the topic today with Dr. Tim Brown, director of technical support for SoyPlus and SoyChlor. He tells us how much protein is needed in the diet, what are some common sources of concentrated bypass protein, and the expected benefits from feeding bypass.
Carl Babler, Principal with Atten Babler Commodities, joined us on today’s broadcast to discuss market volatility. Babler is presenting a webinar, “Market Management: New tools to manage market volatility,” presented by the PDPW World Class Webinars: The webinar will be held on Wed., Oct. 24 from 12:00-1:00 p.m. CT.
Babler is an expert in the futures industry and broker, educator, and hedger. He will help break down the options of Dairy Revenue Protection insurance and talk through available price, revenue and margin-protection programs offered by the USDA. Gain clarity and grasp the basics of Dairy-RP as Babler outlines strategies to use this insurance effectively and immediately.
The new United States-Mexico-Canada Agreement doesn’t have a lot of great news for U.S. dairy farmers, according to analyst Jerry Dryer of the Dairy & Food Market Analyst Newsletter. He talks with Lee Mielke about it on today’s Dairy Radio Now.
Stephanie Aves is business development manager for NEDAP North America and tells Dairy Radio listeners how using smart sensor technology helps with efficient and effective herd management on future-oriented dairy farms.