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2015 California drought: Déjà vu all over again

One might think that winter storms in December and February put California in a better water position at the start of 2015 compared to one year ago. Think again. The drought remains in full force, and if you can believe it, it’s worse.


Mark & Bob: A ‘dead cat bounce’?

Mark Stephenson, Director of Dairy Policy Analysis at the University of Wisconsin-Madison, and Bob Cropp, dairy economics professor emeritus, bring up the possibility of a "Dead Cat Bounce" in their monthly outlook podcast.


DHM Markets: Friday recap, Feb. 27

January cull cow prices slightly lower

Estimated U.S. January 2015 cull cow prices (beef and dairy combined) averaged $112.00/cwt., according to the USDA/NASS Ag Prices report. The average is down $3.00/cwt. from December’s revised estimate, but $23.70/cwt. more than January 2014. It is the lowest monthly average since June 2014.



January milk prices lower

USDA’s estimate of the January U.S. average all-milk price, at $17.60/cwt., was down $2.80 from December’s revised estimate, and $5.90 less than January 2014. It's the lowest since July 2012.


Natural gas prices continue to rise

Prices across most U.S. regions increased week-over-week.The largest increase in prices occurred in the Northeast, as continued cold temperatures and snow accumulation were setting records, particularly in the New England states. Prices were elevated at most trading hubs with the exception of the Midwest, where prices originally spiked on Wednesday last week and then moderated by the end of the report week.


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