Dairy Replacements Still in the Bargain Basement

( Taylor Leach )

Amidst many positive signs emerging in the U.S. dairy markets, replacement heifer values continue to struggle to recover. July Class III milk prices broke the $17.00/cwt. mark, posting at their highest level since the heyday of 2014. June milk cow numbers were down 91,000 head year-over-year, and USDA milk production figures show June fluid milk production down 0.3% compared to last year. Still, replacement heifer values remain two to three times below the cost of production, with the lowest prices in Pennsylvania this month. Holstein heifer calves also remain at near-historic low values with little sales activity nationwide.

 

 

            

Springing Heifers

 Heifer Calves

Location (sale date)

Supreme/Top

Approved/Medium

90-120 pounds

Turlock, Calif. (7-12-19)

$1,300-1,450

 $1,050-1,275

-

Stratford, Wis. (8-1-19)

$1,200-1,500

  $ 900-1,250

$ 20-45

Sulphur Springs, Texas (8-1-19)                           

$950-1,040

         $ 675-820

       No test

New Holland, Pa. (7-31-19)

$800-1,300

  $ 600-775

       $ 37-75

 
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