Monthly Reports
Strong demand keeps dairy production and milk prices high
High feed prices will continue to affect the livestock sector, and dairy in particular, for the balance of 2011 and into 2012.
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Dairy outlook: Class III futures for July are over $20.00/cwt
Commodity prices have been strong, although the grains fell at the end of last week. Dairy however, was the exception.
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Cold Storage: Natural cheese stocks improve, butter lower
Total natural cheese stocks in refrigerated warehouses on April 30, 2011 were up 1 percent from the previous month and up 2 percent from April 30, 2010.
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April milk production rises 1.7 percent
Milk production in the 23 major milk-producing states totaled 15.5 billion pounds during April, up 1.7 percent from a year earlier, according to USDA’s Milk Production report released this afternoon.
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Milk production & exports to continue growth, prices could weaken in 2012
The outlook is for continued high feed prices in both 2011 and 2012. The corn price is forecast to reach a record $5.50 to $6.50 a bushel in 2011/12, up from $5.10 to $5.40 this year.
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Dairy Outlook: April's income over feed costs falls 3.6%
Commodity prices tumbled last week, but dairy did not follow until May 11. For markets in general, the speculators with no underlying agricultural interest apparently became apprehensive.
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Dairy Outlook: Commodity prices high and unstable
Commodity prices in general are high and unstable. Having said that, the markets don’t seem to be quite as jumpy as they were a few months ago.
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Milk price outlook brighter with strength in cheese
Milk prices most likely peaked for the year in March. The March Class III price was $19.40, up $2.40 from February and $5.92 from January. The March Class IV price was $19.41, up $1.01 from February.
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Milk production continues to advance despite high feed prices
Feed prices are expected to remain high by historic standards. Corn prices are forecast at $5.20 to $5.60 a bushel in 2010/11. Corn producers indicated intentions to plant 4 million acres more corn according to the Prospective Plantings report released last month.
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Cropp: Summer weather an important factor for milk prices
“It now looks like the Class III price will be well below $17 by April and could be in the low $16′s from May to early fall and then recover to the high $16′s or higher,” says Bob Cropp, professor emeritus at the University of Wisconsin-Madison.
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February milk production up 2.4 percent
Milk production in the 23 major States during February totaled 14.0 billion pounds, up 2.4 percent from February 2010.
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