DHM Numbers: Cow culling continues slide

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Weekly dairy cow slaughter under federal inspection

Week ending June 7: 48,500 head

Year-to-date (YTD) 2014: 1,263,600 head

YTD compared to same period 2013: -149,500 head

Highlights: For the week, 33% came from USDA Zone 5 (IL, IN, MI, MN, OH & WI); 24% came from USDA Zone 9 (AZ, CA, HI & NV).

Source: USDA Weekly Cow Slaughter Report

 

May dairy cull cow slaughter falls

Also, in its monthly report, USDA estimated 209,300 culled dairy cows were slaughtered under federal inspection in May 2014, down 38,400 from May 2013, and 20,500 less than April 2014. January-May 2014 slaughter is estimated at 1.192 million head, down 155,000 from the same period in 2013.

 

Weekly California NFDM price

California NFDM average price

 

Week ending

Avg. price ($/ lb.)

7-day sales (lb.)

June 13

1.8407

11,242,282

June 6

1.8454

10,162,093

May 30

1.9057

8,383,800

May 23

1.7723

23,754,750

May 16

1.8284

17,679,784

May 9

1.8386

15,424,063

 

Shifting trade patterns, higher crude prices brighten ethanol prospects

In its weekly ethanol report, the Renewable Fuels Association ethanol noted production averaged 40.82 million gallons/day for the week ending June 13, the highest average in more than 30 months.

In the farmdoc daily article posted on June 11, University of Illinois ag economists Darrel Good and Scott Irwin concluded the recent shift in the U.S. net ethanol trade balance, particularly since October 2013, has contributed to the continuation of high ethanol prices relative to corn prices – and resulting historically large margins for ethanol producers. This week, they examine some of the details of the shifting trade pattern, and discuss the potential implication of this shift for the prospects of U.S. ethanol production and corn consumption. Read more

 



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