Dairy CPI: Mostly higher in February
With the exception of ice cream, retail dairy product prices rose in February, according to unadjusted monthly Consumer Price Index (CPI) data released by the Bureau of Labor Statistics.
Overall February 2014 retail dairy product prices were +0.7% compared to January, and +0.4% compared to February 2013. That compares to retail prices for all food eaten at home, which was +0.3% compared to January and +0.9% compared to the year before.
Checking out individual products (February 2014 vs. January 2014 and February 2013, respectively): fluid milk: +0.5%; +2.6% [whole milk: +0.1%; +2.4%; other milk: +0.5%; +2.5%]; cheese: +1.5%; +0.2%; butter: +1.3%; +3.5%; ice cream: -0.1%; -0.8%; and “other” dairy products: +0.4%; -0.8%.
Dairy replacement sales results from Turlock, Calif., on March 14:
#1 Hol Springers: $1800-$2250
#2 Hol Springers: $1400-$1775
# 1 Jer Springers: $1500-$1950
# 1 Jer x Springers: $1200-$1900
Next sale: March 21
Next ‘Protecting Your Profits’ LGM-Dairy conference call is March 26
Pennsylvania's Center for Dairy Excellence will host the next “Protecting Your Profits” conference call on Wednesday, March 26, 12-12:15 p.m. Alan Zepp, risk management program manager, will provide a quick review of dairy markets and margins. The call will include a brief review of risk management opportunities available and a review of the new farm bill margin protection program.
Anyone can participate in the free monthly conference call series, but pre-registration is required. To register, call the center at 717-346-0849 with name, phone number, and e-mail address. Once registered, participants will receive the call-in number and information.