Market Monitor: Springers Steady, Production Continues to Rise

Holstein springer values changed little across the country in the past month, but dairy cow numbers, milk production and dairy product stocks continue to grow.

Stipulate details of arrangement so both parties have a clear understanding of expectations.
Stipulate details of arrangement so both parties have a clear understanding of expectations.

Holstein springer values changed little across the country in the past month, but dairy cow numbers, milk production and dairy product stocks continue to grow. Zach Myers, Risk Education Manager for the Pennsylvania-based Center for Dairy Excellence, said 2020 ended with a national dairy herd totaling 9.443 million dairy cows, the largest herd size in at least 10 years. December milk production was up 3% compared to the year before, and grew at a year-over-year pace of more than 2% for the fourth month in a row. Production per cow also was up more than 2 pounds per cow compared to the previous year. All of this production has kept dairy product inventories growing as well. But Myers believes strong export demand, coupled with consumption by the latest wave of the USDA Farmers to Families Food Box program, is propping up the dairy price outlook for the next 12 months. Whether herds will continue to also add animals remains to be seen. If they do, heifers remain available at bargain prices.

Springing Heifers

Heifer Calves

Location (sale date)

Supreme/Top

Approved/Medium

90-120 pounds

Turlock, Calif. (1-15-21)

$1,200-1,350

$1,000-1,175

-

Reedsville, Wis. (1-21-21)

$700-1,200

$500-650

$20-40

Jerome, Idaho (1-20-21)

$1,170-1,300

$1,027-1,170

No test

New Holland, Pa. (1-20-21)

$1,050-1,225

$800-1,025

$20-60

DHM Logo-Black-CL
Read Next
As rural housing becomes harder to find, one Wisconsin dairy is building more than a workforce by providing homes for nearly all of its employees and helping families put down roots in the community.
Get News Daily
Get Market Alerts
Get News & Markets App