USDA sees milk price moving closer to $19 next year, USDA milk production, price and feed cost projections raised again, China, Southeast Asia boost September dairy product exports, Weekly Digest: Dairy part of Veterans Day recognition, Where we are missing the mark in marketing: Animal fat is actually good for us, Psychological safety: Risk-taking in the workplace.
Milk increased 6.39 USD/CWT or 37.46% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. %PDF-1.6 %���� endstream endobj 163 0 obj <. 162 0 obj <> endobj Based on Aug. 1 conditions, yields are expected to average 3.29 tons per acre, up 0.12 ton from last year. Based on stronger Class III milk prices, the projected average 2020 all-milk milk price was raised a nickel from last month to $18.85 per cwt. Based on Aug. 1 conditions, the U.S. yield is expected to average 2.11 tons per acre, up 0.15 ton from last year and a new record high, surpassing the previous record of 2.09 tons per acre in 2016. The 2019-20 soybean price received by producers was forecast at $8.50 per bushel, up 10 cents from last month and matching the 2018-19 average. Based on conditions as of Sept. 1, yields are expected to average 47.9 bushels per harvested acre, down 0.6 bushel from the previous forecast and down 3.7 bushels from 2018.
The 2019 all-milk price was forecast at $18.35 per hundredweight (cwt), up 5 cents from last month and up $2.09 per cwt from 2018; it would be the highest annual average since the record high of $23.97 per cwt set in 2014.
Historically, Milk reached an all time high of 24.59 in September of 2014. h�bbd```b``� "��H�� �ED2��}`�$0�̎ �w��3��j� r�0;H2�+�Uv ��G10m4�20�I�g`�` p 6 The projected Class III price was raised 15 cents to $16.45 per cwt, offsetting a 15-cent decline in the Class IV price, to $16.15 per cwt. 0
With soybean crush and exports unchanged, ending stocks are projected at 640 million bushels, down 115 million from last month. Soybean supplies are reduced 2% on lower production and beginning stocks.
All Rights Reserved. The component tests of producer milk in Ju ly 2020 were: butterfat, 3.76%; protein, 3.06%; and … DMC... Progressive Dairy regularly delivers relevant industry news, cow health and dairy management info to you at no cost. 180 0 obj <>/Filter/FlateDecode/ID[<767CD72896AD524F9EED1BB690CA800A><2D54A4F50E9C6D4AB2AA4DCA885BC034>]/Index[162 31]/Info 161 0 R/Length 94/Prev 110805/Root 163 0 R/Size 193/Type/XRef/W[1 3 1]>>stream of alfalfa and alfalfa mixture dry hay for 2019 was forecast at 55.4 million tons, up 5% from 2018.
The forecast for 2019 beef production was reduced from the previous month primarily on slower expected pace of fed cattle slaughter and lighter carcass weights in the fourth quarter. Soybean meal prices are projected at $305 per ton, up $5 from last month’s forecast but $5 less than 2018-19. %%EOF The magazine is published monthly with a sizeable portion of articles unique to Canadians. 192 0 obj <>stream The growth rate slowed, but September 2020 marked the 13th consecutive month... Digest Highlights
If realized, 2019 production would be up less than 0.2% from 2018. The only increase from the 2018 final pod count is expected in Kansas.
The September objective yield data for the combined 11 major soybean-producing states (Arkansas, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Ohio and South Dakota) indicates a lower pod count compared with the previous year in 10 of 11 states.