Milk Marketing
When business is no longer usual, it’s a great time to reassess your strategic focus. Is your farm still marching toward its goals?
With the uncertainty over milk prices and input prices, it becomes necessary to establish price floors for milk and price ceilings for feed. Not doing anything is making the decision to leave your whole farm at risk.
Cheese and butter prices continue to hold a large price difference with butter around $1.00 higher than cheese. One reason for this is the substantial difference in inventory levels between cheese and butter.
President Trump has added $1 billion to the U.S. Department of Agriculture’s Farmers to Families Food Box Program and extended it beyond the end of October.
It was a mixed bag in the CME dairy product trade. Block cheese and barrel cheese fell, while butter gained. Class III milk futures tumbled lower on the day.
Tuesday’s spot dairy product session was higher and Class III milk futures surge forward.
Markets can be driven by trader psychology for a period of time and can result in prices being overdone to one side or the other. In the end, fundamentals rule. Recent reports may indicate the market may see a change.
Global Dairy Trade event 304 concluded on Tuesday with the overall price index down 0.9%.
Ten for ten, USDA’s ag Prices report announced yesterday afternoon that the October 2021 Dairy Margin Coverage income over feed costs resulted in $8.77/cwt.
In the long run, what opportunities could farmers harvest? Consider these emerging trends.
Risk management should not be viewed as a way to make money, but rather a way to protect income.
After working with dairy producers for nearly two decades, Dr. Kevin Hoogendoorn was alarmed and frustrated by the complexity of milk marketing tools. So, he decided to do something about it by creating the ZISKapp.
It has been a difficult year for marketing especially in light of the large negative Producer Price Differentials making it hard to know exactly what you are protecting. Some strategies work better than others.
Enrollment for Dairy Margin Coverage program for 2021 ends Friday, Dec. 11, 2020.
The Wisconsin Milk Marketing Board has a new name: Dairy Farmers of Wisconsin.
The value data can provide to you can only be recognized when it is put to use to evaluate your farm operation and make decisions based on those insights. Fortunately, that is possible today.
The Farm Journal Field Days agenda has been designed to address the biggest issues and challenges facing the agricultural industry right now.
With this year’s drawn-out and stressful planting season in the books, now is a good time to assess your financial position.
The playing field is changing and the assumptions that many farmers have made in the past about spring planting credit lines may be outdated. It is time to act!