Latest Moos
New Info On Feeding Colostrum
Benchmark Climbs 31 Cents
Financial relief is coming slowly to U.S. dairy farms. The Agriculture Department announced the November Federal order Class III milk price at $17.15 per hundredweight, up just 31 cents from October but $3.86 below November 2022 and the lowest November Class III since 202018. That put the year’s average at $17.11, down from $22.09 in 2022, but compares to $16.96 in 2021.
Unfortunately, Wednesday’s Class III futures portend a December price at $16.11, down $1.00 from November’s price and would put the year’s average at $17.03, which would be down from $21.96 in 2022, and compare to $17.08 in 2021.
The January Class III was at $16.22; February, $16.75; and March at $17.31, with a peak of $18.68 in October.
The November Class IV price is $20.87, down 62 cents from October, and $2.43 below a year ago. The year’s average is at $19.11, down from $24.68 a year ago, but compares to $15.74 in 2021. Courtesy of the Mielke Market Weekly
Tips For Dairy Expansion, Managing Employees
Learning About Genetic Health Traits
Milk Production Down In October
Looking Ahead To Profitability in ’24
Being Thankful
Building An Effective Team Takes Time
The Age Old Battle: Supply Vs Demand
Behavior Aspects In Transition Cows
Promote Dairy!
Managing Pay Price Risk
Class III Price Concerning
Feed Additives Reduce Methane
NMPF Joint Annual Meeting Approaching
Caring For Transition Cows
Understanding Genomic Traits
Sharp Drop In Benchmark Milk Price
Danish Research On Calves
Benchmark Drops $1.55
Dairy farmers aren’t out of their financial woes yet. The Agriculture Department announced the October Federal order Class III benchmark milk price at $16.84 per hundredweight, down $1.55 from September, driven primarily by a sharp drop in cheese prices. It’s a woeful $4.97 below October 2022 and the lowest October Class III since 2018. The year has seen a high of $19.43 in January and a low of $13.77 in July.
Class III futures portend a turnaround next month but not by much. The November contract settled Wednesday at $17.24 per cwt.; December, $17.13; January 2024, $17.34; February $17.76; and March at $18.14, all in the right direction but still short of profitability for most.
The ten month Class III average stands at $17.10, down from $22.20 at this time a year ago and compares to $16.86 in 2021.
The October Class IV price is $21.49, up $2.40 from September, thanks primarily to the record breaking butter price, but is $3.47 below a year ago, yet the highest Class IV price since December 2022. Its ten month average is at $18.93, down from $24.82 a year ago and $15.44 in 2021.
Courtesy of the Mielke Market Weekly
Workforce Specialist Helps Processors
Ask The Vet About 300 Degree Vision & 4 Stomachs
Around The World With Wisconsin Cheese
Cornell Nutrition Conference A Crown Jewel
Dr. Hutjens Shares More Research
Optimism From Recent IDF World Dairy Summit
Update From Northeast Ag & Feed Alliance
Ventilation Tips As Cooler Temps On The Way
World Dairy Summit Recap
Fall Feed Economic Outlook
Dairy Farmer: Checkoff Should Promote Fluid Milk
Class I Up 28 Cents To $19.75
The Agriculture Department announced the November Federal order Class I base milk price at $19.75 per hundredweight, up 28 cents from October, $4.34 below November 2022, and the highest Class I since February. It equates to $1.70 per gallon, down from $2.07 a year ago. The average stands at $19.15, down from $23.76 a year ago and compares to $16.61 in 2021. Courtesy of the Mielke Market Weekly
War and Climate Concerns
Market Update With Lucas Fuess
Feed Forum Friday
FMMO Hearing & New Farm Bill Update
A Lifetime Of Promoting Dairy
Silo Safety During Harvest Season
Butter Analysis
High Moisture Corn Considerations
Corey Geiger At World Dairy Expo
Benchmark Up $1.20
The Agriculture Department announced the September Federal order Class III milk price at $18.39 per hundredweight, up $1.20 from August, but $1.43 below September 2022 and the highest Class III since April.
The nine month average stands at $17.13, down from $22.24 at this time a year ago and compares to $16.75 in 2021.
Wednesday’s Class III futures portend an October price at $16.76; November, $17.07; December, $17.40; January, $17.88; February, $18.05; and March at $18.27.
The September Class IV price is $19.09, up 18 cents from August, $5.54 below a year ago, but the highest Class IV since January. Its average stands at $18.65, down from $24.81 a year ago and compares to $15.26 in 2021. Courtesy of the Mielke Market Weekly
Ask The Vet: Calves Are Amazing
Market Recap With AgResource
Butter Prices Strong
Latest Seaweed Research
FMMO Hearing Continues As Shutdown Looms
Investing Off The Farm
Cows Heading To Madison For World Dairy Expo
China Imports Questioned
Fat Soluble Vitamin Research
All American Dairy Show
Center For Dairy Excellence
Seasonal Changes To Beef Market Coming
Strong Domestic Usage In July
Weaning Calves
Dairy Disaster Assistance & Dietary Guideline Update
NY Holstein Show
Understanding Genetic Traits
GDT Up!
Feeding Forage Fiber
NDPO Opposes EATS Act
Ask The Vet: Fermentation Profiles
What’s Limiting Your Dairy Success?
China Expected To Be Largest Milk Producer
Heat Stress Affects Dry Cows Too
FMMO Hearing Continues
Benchmark Jumps $3.42
The Agriculture Department announced the August Federal order Class III milk price at $17.19 per hundredweight, up $3.42 from July but $2.91 below August 2022 and the highest Class III since April. The eight month average stands at $16.98, down from $22.54 at this time a year ago, and $16.78 in 2021.
Wednesday’s Class III futures settlements portend a September price at $18.87; October, $18.95; November, $18.54; December, $18.52; January 2024, $18.40; February, $18.39; and March at $18.41 per cwt.
The August Class IV price is $18.91, up 65 cents from July but $5.90 below a year ago, and the highest Class IV since January. Its eight month average is at $18.59, down from $24.83 a year ago and compares to $15.12 in 2021. Courtesy of the Mielke Market Weekly
NEDPA Celebrates 30th Anniversary
Beef Supply Update
Mielke Monday with Dave Kurzawski
FMMO Hearing Underway
The Great NY State Fair Kicks Off
Dairy Operators Need To Delegate
Consumers Love U.S. Cheese
Recovering From Tough Spring
Animal Ag Alliance Links Supply Chain
Ag Progress Days Thrives
Late Summer Planting Tips
U.S. Dairy Exports Down Sharply
Forage Outlook
FFA at Ag Progress Days
Consistency Is Key To Risk Management
GDT Auction Spells Bad News
The Cost Of Lameness On Dairy Farms
NMPF On FDA’S Draft Plant-Based Labeling Guidance
Class III Drops To $13.77
The July Federal Order Class III benchmark milk price fell to $13.77 per hundredweight, down $1.14 from June, $8.75 below July 2022, and the lowest Class III price since May 2020. That put the seven month average at $16.95, down from $22.89 at this time a year ago and compares to $16.90 in 2021.
Class III futures portend an August price at $17.49; September, $17.53; October, $17.97; November, $18.22; and December at $18.22.
The July Class IV is $18.26, unchanged from June but $7.53 below a year ago. Its average stands at $18.55, down from $24.83 a year ago and compares to $15.01 in 2021. Courtesty of the Mielke Market Weekly