April fluid sales continue downward trend
April 2014 packaged fluid milk sales totaled 4.15 billion lbs., down 4.5% from the year before, according to USDA’s Dairy Market News.
April sales of conventional products, at 3.94 billion lbs., were down 5.0% compared to April 2013; organic products, at 205 million lbs., were up 7.4%. Organic represented about 4.9% of total sales for the month.
For the year-to-date, packaged fluid milk sales totaled 17.04 billion lbs., down 2.2% from January-April 2013. Sales of conventional products, at 16.21 billion lbs., were down 2.9%; organic products, at 828 million lbs., were up 13.4%. Organic represented about 4.9% of total sales.
Cull cow prices hit $1.05/lb.
Estimated U.S. June 2014 cull cow prices (beef and dairy combined) averaged $105.00/cwt., according to the USDA/NASS Ag Prices report. The average is up $1.00/cwt. from May’s revised estimate, and $23.40/cwt. more than June 2013.Year-to-date, the cull cow price has averaged $99.62/cwt., up $17.67 from January-June 2013.
Weekly dairy cow slaughter under federal inspection
Week ending June 14: 47,100 head
Year-to-date (YTD) 2014: 1,310,700 head
YTD compared to same period 2013: -157,700 head
Highlights: For the week, 32% 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
Webinar to discuss USDA June 30 crop reports
USDA will release latest Crop Acreage and Grain Stocks reports on June 30. University of Illinois ag economists Darrel Good and Scott Irwin will host a webinar, July 1, 8-9 a.m. (Central) to interpret the numbers and discuss potential market impacts.
The estimate of June 1 stocks of corn and soybeans will provide a clearer picture of total 2013-14 marketing-year consumption, ending stocks and price prospects. The report will be especially important for projecting the magnitude of domestic corn consumption for feed use.
Estimates of of planted acreage will clarify prospects for the size of the 2014 corn and soybean crops, with implications for the 2014-15 balance sheets and price prospects.
This webinar is free. However, registration is required to participate. For details and registration information, click here.
Dairy replacement sales results from Jerome, Idaho, on June 25:
Springers (top 100): $1800 with top of $2475
Fresh heifers: $2060-$2210
Short bred: $1240-$1900
(300-400 lbs.): $182-$198/cwt.