California Class 4 prices move lower

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California May 4a/4b prices lower

California’s May 2014 Class 4a/4b milk prices were announced on Monday, June 2.

The Class 4a butter-powder price declined for a second consecutive month, to $22.57/cwt. The May price is down 74¢ from April, but still $4.33 more than May 2013. The January-May 2014 average stands at $22.89/cwt., $5.05 more than the same period a year ago.

The Class 4b price is $2.39 lower than a month earlier, at $19.34/cwt., but $2.14 more than May 2013. The January-May 2014 average is $20.94/cwt., $4.86 more than the same period a year ago.

Federal order May 2014 Class II, III & IV prices will be announced June 4.

 

Daily CME closing

Daily CME Cash Trading on Monday, June 2, 2014

 

 

 

Daily

 

Close

Change

 

($/lb.)

(¢/lb.)

Cheddar barrels

1.9325

n.c.

Cheddar blocks

1.9625

0.25

NFDM Grade A

1.8450

n.c.

Butter Grade AA

2.2800

-2.00

 

Farm Credit East to host MPP-Dairy webinar

Northeast dairy producers are invited to participate in a webinar covering the new Dairy Margin Protection Program (MPP). This webinar, hosted by Farm Credit East, will take place on Tuesday, June 10, 10-11:30 a.m. 

This webinar will feature Dr. Andy Novakovic, of Cornell University, and Dr. John Newton, of University of Illinois at Urbana-Champaign. They will provide an MPP update, and discuss the program’s interface with LGM-Dairy and other risk management strategies.

This webinar is free. Visit FarmCreditEast.com/webinars for registration information.

 

Protecting Your Profits webinar now online

The latest Pennsylvania Center for Dairy Excellence (CDE) "Protecting Your Profits" webinar is now available online. It offers a look at current dairy markets, margins available through LGM-Dairy and other risk management opportunities, and a look at what to expect with the new Margin Protection Program for Dairy. CDE Risk Management Program Manager Alan Zepp hosts the call. Click here to access the recording.

 

Upper Midwest weekly hay market report

Compiled by Ken Barnett, UW-Extension. All hay prices quoted are dollars per ton FOB point of origin for alfalfa hay unless otherwise noted. The information presented in this report is compiled from public and private sales and reports in the Midwest.

 

Demand and Sales Activity

Compared to the previous week, small square bale prices were down 37%. Large square bale prices were steady. Large round bale prices were up 10%. Sales activity was very light to active.

For Nebraska, hay prices were $20.65 higher on limited alfalfa hay sales. Some cow/calf operators are buying hay as they are waiting for summer turnout. Demand for dairy hay is really good. Very little new crop alfalfa is cut in the Eastern part of the state. Moderate volume of alfalfa is cut in the central part of the state. Some reports of low bud count on plants have many producers think alfalfa plants are close to two weeks behind a normal year. Dehydrated operators are starting operations. There were warmer temperatures across most of the state this week with several areas in the high 80’s to low 90’s, but humidity is relatively high which will hinder drying time.

For Iowa, there was very limited alfalfa hay on the market this week. There is no price comparison to last week. There was very limited hay movement this week with a load of new crop hay on the market. Buyer was short bought and needed something to feed. Some hay is down across most of the state. Some was put up without rain other hay not so lucky.

In South Dakota, hay prices were $33.65 higher. Demand was light to moderate with first cutting alfalfa just around the corner. Many cattle have been turned out to summer pasture. Some first cutting alfalfa has started across the southeastern region of the state with more producers planning on knocking down most of their acres next week. Rain is forecast for the weekend. Temperatures were in the mid to upper 80's this past week which helped to spur grass and alfalfa growth. Hand to mouth basis appears to be the way most buyers are purchasing hay at this time. Best demand is seen in dairy quality alfalfa and wheat straw headed east.

For Missouri, alfalfa hay prices were steady on very limited alfalfa hay sales. Hay supply is light and demand is light to moderate. Haying is active in all regions of the state at this time. However, hay movement is still somewhat stagnant. A few large, contract-type buyers have already settled with their producers on what they will pay this year, but open sales are more flexible. Hay producers are sticking to their asking prices as input prices have not declined over the last year either.

In Southwest Minnesota, hay prices were $12.70 lower. The demand for Illinois hay was weak to moderate, with active sales activity. Hay offerings were light to moderate. Hay prices were $49.90 lower.

For Wisconsin, hay prices were $47.95 higher on moderate trading at a quality-tested hay auction in Fennimore. A second week of summer-like weather favored a rapid planting pace across much of the state. The overall warm, sunny weather spurred alfalfa growth and emergence of corn, and provided ample time for fieldwork. All hay was rated 84 percent good to excellent condition statewide. The first cutting of alfalfa hay was 4% complete compared to 2% last year and a five year average of 17%. Pasture conditions improved and were rated at 2% very poor; 3% poor; 23% fair; 57% good; and 15% excellent.

Straw prices in the Midwest averaged $3.80 per small square bale (range of $3.00 to $5.00); $43.91 per large square bale (range of $37.50 to $54.38); and $32.25 per large round bale (range of $22.00 to $55.00). Compared to the previous week, straw prices for small square bales were 5% higher. For large square bales, prices were 4% higher. For large round bales, prices were 2% higher.

 



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