Monthly Reports
Dairy Outlook: February all milk price up $0.90/cwt
The February Pennsylvania all‐milk price was up $0.90/cwt. from January to $19.80/cwt. Both Class III and Class IV prices moved up sharply, with Class III up $3.52 and Class IV up $1.98.
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Cow numbers continue to expand as milk prices rise
Corn prices in 2010/11 are expected to be high by historic standards, averaging $5.15 to $5.65 per bushel for the crop year.
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Milk production forecast for 2011 is reduced
The milk production forecast for 2011 is reduced from last month. Relatively high milk prices and increased supplies of replacement heifers are expected to encourage further increases in the cow herd through much of the year, but the rate of increase in milk per cow is forecast slower than last month.
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Cold Storage: Cheese stocks in refrigerated warehouses higher
Total natural cheese stocks in refrigerated warehouses on January 31, 2011 were up slightly from the previous month and up 7 percent from January 31, 2010.
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Dairy situation and outlook: Class III and IV prices see strong increases
The price of butter, cheddar cheese, nonfat dry milk, dry whey and the Class III and IV prices have all experienced strong increases and are much higher than what were forecasted back in early January.
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Dairy Outlook: All-milk price falls
The January all‐milk price was down $1.50/cwt. from December to $17.80/cwt. The Class III and Class IV prices moved in opposite directions, with Class III down $0.38 and Class IV up $1.39.
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Milk production and milk prices expected to be higher in 2011
Feed prices continue upward. The soybean meal price is projected at $340 to $380 per ton, up from last month’s projection. Slightly lower planted acreage and lower yields combined to cause the rise in the forecast. The corn price forecast was also raised, to $5.05 to $5.75 per bushel.
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Milk production forecast is raised, higher product prices
The milk production estimate for 2010 and forecast for 2011 are raised from last month. Supply and use estimates for 2010 are adjusted to reflect production and stock estimates for December.
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Milk Production Estimates Are Unchanged, Low Butter Stocks
The milk production estimate for 2010 and forecast for 2011 are unchanged from last month. Ending stocks for 2010 are reduced due to expected low stocks of butter and nonfat dry milk (NDM) at the end of the year.
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WASDE: Pork Production Estimates Fall, Hog Prices Up For 2011
The estimate of 2010 red meat and poultry production is raised from last month, reflecting higher production of beef, pork, broilers, and turkey. The forecast of production for 2011 is also raised for beef and broilers, but lowered for pork.
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WASDE: Beef Production Up, Cattle Prices To Increase
The estimate of 2010 red meat and poultry production is raised from last month, reflecting higher production of beef, pork, broilers, and turkey. The forecast of production for 2011 is also raised for beef and broilers, but lowered for pork.
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