Cull, replacement dairy cow prices continue to climb

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Prices for U.S. dairy cows – both for the beef market and as herd replacements – rose further in July, according to the USDA/NASS Ag Prices report.

In the case of cull cows, prices continue to set new record highs. Estimated U.S. July 2014 cull cow prices (beef and dairy combined) averaged $113.00/cwt. The average is up $7.00/cwt. from June’s revised estimate, and $30.30/cwt. more than July 2013. At that price, a 1,300-lb. cull cow is worth $1,469.

Year-to-date, the 2014 average cull cow price is $101.67/cwt., compared to $82.06 for the same period in 2013.

Meanwhile, replacement dairy cow prices jumped to their highest level in six years. U.S. quarterly replacement dairy cow prices averaged $1,970/head in July, up $160/head from April and $530 more than January.

July 2013 prices are not available due to budget sequestration, which limited USDA survey capabilities much of last year.

Current average prices are nearly equal to the July 2008 average of $1,990/head. The record high for any quarter was $2,020/head, set in October 2008.

Average prices ranged from a high of $2,000/head or higher in Arizona, California, Colorado, Idaho, Kansas, Texas and Wisconsin (see table).

 

Quarterly average replacement dairy cow prices, January-July 2014 ($/head)

State

July 2014

Jan. 2014

Change

Arizona

2,100

1,500

600

California

2,000

1,300

700

Colorado

2,200

1,540

660

Florida

1,900

1,560

340

Idaho

2,000

1,400

600

Illinois

1,860

1,500

360

Indiana

1,850

1,500

350

Iowa

1,990

1,450

540

Kansas

2,050

1,400

650

Michigan

1,950

1,650

300

Minnesota

1,950

1,410

540

Missouri

1,950

1,280

670

New Mexico

1,800

1,450

350

New York

1,800

1,430

370

Ohio

1,900

1,450

450

Oregon

1,880

1,350

530

Pennsylvania

1,950

1,500

450

Texas

2,000

1,450

550

Utah

1,850

1,350

500

Vermont

1,880

1,570

310

Virginia

1,890

1,520

370

Washington

1,950

1,350

600

Wisconsin

2,100

1,570

530

U.S.

1,970

1,440

530

Source: USDA NASS Ag Prices report, July 31, 2014

 



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