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CME Dairy Market Recap: Nov. 26, 2014

The selloff continued in Class III futures on Wednesday as Dec – Jun contracts fell 9 to 47 cents. Spot cheese made new lows for the year and bearish sentiment has been building every day.


Milk-feed price ratio dips

Lower milk prices combined with slightly higher corn and soybean costs, reducing USDA’s index of the relationship between the value of milk and dairy feed – the milk-feed price ratio.


November milk prices lower

USDA’s preliminary estimate of the November 2014 U.S. average all-milk price, at $23.40/cwt., was down $1.50 from October’s revised estimate, as prices have begun their descent.


Dairy markets: A state of flux

Class III milk futures saw red across the board, with futures settling anywhere from +1¢ to -20¢ on the day. Regardless of today’s move, futures’ trading has been range-bound, with the first-half pack trading within a 25¢ range since Nov. 1.  


Minnesota corn silage trial results available

These trials were conducted across southeastern, central, and west-central Minnesota to provide unbiased and replicated information on the performance of numerous silage hybrids for growers and their advisors.


Happy Thanksgiving!

The staff of Dairy Herd Management wish you and your family a Happy Thanksgiving.
Our offices will be closed Nov. 27-28. Dairy Herd Dairy e-newsletter will resume on Monday, Dec. 1.


NY Organic Dairy Initiative seeks Dairy Profit Monitor participants

Dairy Farm Business Specialist Betsey Howland, with the Cornell University PRO-DAIRY Program, meets with a farmers discussion group in New York’s Southern Tier. The New York Farm Viability Institute is providing funding to start a Dairy Profit Monitor users discussion group for organic dairy producers.


Dairy, livestock bright spots in 2014 USDA farm income forecast

Higher livestock receipts will be offset by lower crop income, cutting 2014 U.S. net farm income to $96.9 billion, down over 21% from 2013’s estimate of $122.8 billion, according to USDA’s latest farm income forecast, released Nov. 25.


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