Feed Prices
Dairy financial experts strongly encourage producers to push pause to outline the steps needed to take place in Q4 to wrap up the year on the best foot possible and help position a dairy for a successful start in 2023.
When cows are forced to compete for feed, they consume fewer, larger meals with reduced feeding time.
One year ago, a tornado completely devasted Wellacrest Farms, New Jersey’s largest dairy farm. Community support outpoured from a group of Amish to a GoFundMe account that helped with the rebuild.
For the second month in a row, Dairy Margin Coverage payments will be issued. USDA’s Farm Service Agency announced that September’s DMC income over feed costs calculation to be $8.62/cwt.
The 20th Annual MILK Business Conference has a great line-up of speakers and sessions that will explore the decisions and opportunities to help dairy producers set their dairy on a path of making bold directions.
Dairy farming is nonstop, and sometimes so is the stress. Sam and Brittany Olson have been open with their own mental health struggles and believe that their own experience serves as someone else’s survival guide.
Many farmers have not developed a marketing plan to protect milk prices. This leaves the farm open to risk and the possibility of significant financial loss which could put the farming operation in jeopardy.
Enrollment for the USDA’s Dairy Margin Coverage (DMC) is now open until Dec. 7, 2022. FSA administrator says this year showed why enrolling in DMC makes good business sense.
July’s all-milk price fell to $25.70, a $1.20 decrease from June. The income over feed costs, as calculated by Dairy Margin Coverage was $9.92, $2.00/cwt. less than June.
Milk prices have hit their highest marks since 2014. But the cost of production has eaten into profits. While higher milk prices have sparked encouragement, producers are curious as to how long these prices will last.
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.
As much of the U.S. struggles with drought this year, China is doing the same
The August Milk Production report outlines U.S. milk production is up a modest 1.6% over August 2021. Even so, cow numbers declined 11,000 head from a year ago, but increased by 8,000 head from July 2022.
An investment in a corn processing facility helps Soaring Eagle dairy take advantage of higher butterfat prices.
Guar is not a common crop grown in the U.S., nor is it widely used here as a livestock feedstuff. But that picture may be changing as alternative crops producers search for more affordable feed ingredients.
The terms profitability and cash flow are often used interchangeably. However, confusion between the two can cause producers to make decisions that are not in their best long-term profit interests.
If it’s possible to have a global milk production recession, that is, back-to-back quarterly year-over-year decreases in milk production in the key export regions – then we’ve been in one since Q1 2022.
Over the weekend, monsoon storms came through Arizona. A huge concern facing farmers in the western part of the U.S. is water scarcity, so it’s easy to understand why Arizona dairy farmer Casey Dugan welcomed the rain.
California dairy farmer, Steve Maddox found a newfound love for Amazon Prime, who hauled premium alfalfa dairy hay from his Logan, Utah hay ranch to his Riverdale, Calif. dairy farm.
The On-Farm Milk Storage & Handling Grant provides grants for dairy farmers to access funds that support the purchase of equipment and other related costs that will improve milk storage, handling and energy efficiencies.
Corn and soybean values have tempered slightly since the near-historic highs of May and June this year, but dairy feed bills still will be hefty heading into fall.
A big opportunity for forward-thinking, elite businesses is to attend the 20th Anniversary of the Milk Business Conference at the Paris Casino & Hotel in Las Vegas December 13-15, 2022.
An often-over-looked expense is having excess corn silage inventory. The decision has to be made soon, when you are chopping—to sell it or use it on the farm.
Dairy farmers pray that roads stay open and power stays on as winds from thunderstorms aggravated the McKinney fire in Northern California, burning more than 60,000 acres as of Sunday evening, according to InciWeb.
Managing heifer inventories on a dairy farm is not always easy. Deciding which heifers to keep and which to sell, as well as breeding decisions, can be a challenge. Experts offer seven tips on selling surplus heifers.
Last week, the Federal Reserve enacted another 0.75%-point interest rate increase to help combat high inflation rate. This increase in interest rates adds an additional cost that the farmer must carry.
Learning by doing is the mantra for a lot of dairy farmers and Walter Graves is no exception. Graves was recently awarded a Young Jersey Breeder Award from the American Jersey Cattle Association.
The high temperatures and lack of rain that face south-central Missouri have not only played havoc on Michelle Eilenstine’s mind, but also with her corn crop.
As we soon will be flipping the calendar to August, you likely already have your chopper in the shop. Mike North, president with ever.ag says there is a narrow window to get things priced in terms of silage.
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.