Fluid Milk and Cream - Western U.S. Report 26

Farm milk production in California is at seasonally low levels. Contacts say that milk supplies are tight, and spot prices are trending higher. As the result, a few Class III producers cannot afford current milk prices and are planning to reduce their daily operations. Class I sales are steady. There are no spot loads available this week. Current hay prices in California are lower compared to last year at the same period, making California prices some of the lowest in the country. With warmer climatic conditions in Arizona, milk output is seasonally low. Steady flow of milk is going to bottlers' accounts, whereas sales to Class II and III have kept the same strength as in the previous w

May Agriculture Prices Received Index Down 1.1 Percent, Prices Paid Down .4 Percent

May Prices Received Index Down 1.1 Percent The May Prices Received Index (Agricultural Production), at 91.9, decreased 1.1 percent from April 2019. At 84.0, the Crop Production Index decreased 0.8 percent. The Livestock Production Index, at 98.8, decreased 1.2 percent. Producers received lower prices for cattle, market eggs, lettuce, and strawberries but higher prices for broilers, hogs, corn, and broccoli. Compared with a year earlier, the Prices Received Index is down 3.1 percent. The Crop Production Index decreased 5.7 percent and the Livestock Production Index increased 0.5 percent. The indexes are calculated using commodity prices and volumes of commodities that producers market. Increa

This Week's Drought Summary (6/27)

Multiple cold fronts progressed across the central and eastern U.S. during mid to late June with widespread showers and thundershowers from the Great Plains east to the East Coast. During the past week (June 18 to 24), heavy rainfall (2 to 6 inches) maintained excessively wet conditions across eastern portions of the Great Plains, middle Mississippi Valley, and Ohio Valley. Diurnal convection resulted in locally heavy rainfall (more than 2 inches) from the Florida Panhandle south to the central Florida Peninsula. An unseasonably strong low pressure system resulted in accumulating snow to the northern and central Rockies on the first full day of the summer. More than a foot of snow was observ

Dairy prices globally high

CME cheese prices ended on the first day of summer at the highest levels in the world as traders anticipated the afternoon’s May Cold Storage report. The Cheddar blocks finished at an impressive $1.8250 per pound, up 4 1/4-cents on the week and 33 1/2-cents above a year ago. The barrels closed at $1.7375, up 13 1/4-cents, a whopping 45 1/4-cents above a year ago, and the highest since May 7, 2019. Monday’s block price ticked up 1 1/2-cents while the barrels rolled 1 3/4-cents lower. The blocks inched a half-cent higher Tuesday, to $1.8450, highest CME price since November 23, 2016. The barrels held at Monday’s close of $1.72, an unsustainable 12 1/2-cents below the blocks. CME traders have p

USDA Weekly Crop Progress - NASS: 96% of Intended Corn Planted; 85% of Intended Soybeans Planted

OMAHA (DTN) -- Ninety-six percent of the corn that farmers intend to plant this year -- on those acres that were still farmable following relentless rains and flooding this spring -- was planted as of Sunday, June 23, according to the latest USDA NASS Crop Progress report released Monday. Progress was up just 4 percentage points from 92% the previous week. That put planting progress 4 percentage points behind both last year's pace and the five-year average of 100%. But at this stage in the growing season, advancement in corn planting progress is most likely due to farmers abandoning plans to plant remaining acres they had originally intended to plant to corn. For those farmers, planting woul

Fluid Milk and Cream - Western U.S. Report 25

In California, milk supplies are a tad tighter than usual. Nonetheless, finding the volumes required for processing needs is not an issue. In fact, a good balance between supplies and demand for milk is upheld through out of state sales. Milk production remains at the same level as the past week. Class I sales are steady in northern California, but somewhat lighter in the southern part of the state. Class III requests are down. In Arizona, weather conditions are conducive to less milk output. With the temperature reaching three-digit numbers and the current monsoon season, there is an anticipation that future heavy rains will likely impact cows' milk yield. Milk production has been lower com

U.S. sets wet record

May 2018 to April 2019 is the wettest 12-month period on record in continental United States. Does it seem like it’s been raining a lot? The contiguous United States recently completed its wettest May to April period on record, according to the National Oceanic and Atmospheric Administration’s National Centers for Environmental Information. From May 2018 to April 2019, an average of 36.20 inches of precipitation fell across the lower 48 states, 6.25 inches above the 20th century mean. One real-world impact from the nation’s wettest 12-month period has been a slow 2019 planting pace for many major U.S. row crops. Soils in prime agricultural regions of the Plains and Midwest, which initially b

This Week's Drought Summary (6/20)

A stationary front was a focus for frequent showers and thunderstorms with locally heavy rainfall from eastern South Carolina south to the Big Bend of Florida from June 11 to 14. The heavier rainfall resulted in short-term rainfall surpluses and drought elimination to parts of the Coastal Plain of Georgia and South Carolina. Another cold front progressed slowly south and east across the Great Plains, Corn Belt, and Mississippi Valley from June 14 to 16 before becoming stationary. Locally heavy rain (more than 2 inches) and hundreds of severe weather reports were common across the central and southern Great Plains, middle to upper Mississippi Valley, and Ohio Valley during mid-June. Excessive

May Milk Production down 0.1 Percent

Milk production in the 24 major States during May totaled 18.1 billion pounds, down 0.1 percent from May 2018. April revised production, at 17.6 billion pounds, was up 0.5 percent from April 2018. The April revision represented an increase of 195 million pounds or 1.1 percent from last month's preliminary 23-State production estimate. Production per cow in the 24 major States averaged 2,062 pounds for May, 11 pounds above May 2018. The number of milk cows on farms in the 24 major States was 8.79 million head, 55,000 head less than May 2018, but 5,000 head more than April 2019.

May milk production down 0.4%

U.S. milk production is lagging. The Agriculture Department’s latest Milk Production report pegs preliminary May output at a bullish 19.06 billion pounds, down 0.4% from May 2018, the second month in six years output was below a year ago. Output in the 24 top producing states hit 18.1 billion pounds, down 0.1%. Revisions added 195 million pounds to the original 50-State April total, now put at 18.47 billion pounds, up 0.3% from April 2018. Georgia was added to the list of the top 23 milk producing states with this report. May cow numbers in the 50 states totaled 9.3 million head, up 5,000 from April but 89,000 head below a year ago. Output per cow averaged 2,042 pounds, up 12 pounds from a y

USDA Weekly Crop Progress - Corn Planting 92% Complete; Corn Condition Unchanged at 59% Good to Exce

OMAHA (DTN) -- Eight percent of the U.S. corn crop still wasn't planted as of Sunday, June 16, according to the latest USDA NASS Crop Progress report released on Monday. That means a substantial number of corn acres likely won't be planted this year, as the window for optimum yield potential has passed and the late-planting periods for crop insurance coverage in individual states are nearing an end. NASS estimated that corn planting was 92% complete as of Sunday, up 9 percentage points from 83% the previous week. That put planting progress 8 percentage points behind both last year and the five-year average of 100%. This week's planting estimate came in at the high end of the pre-report estim

Economic outlook improves for dairy, livestock producers

Farm Credit board receives quarterly economic report The Farm Credit Administration board received a quarterly report on economic issues affecting agriculture, together with an update on the financial condition and performance of the Farm Credit System as of March 31, 2019. Several factors continue to influence the farm economy. According to earlier projections, crop prices were expected to be low this year because of large supplies and trade disruptions, particularly for soybeans. However, wet weather in the Midwest has delayed or prevented plantings and introduced substantial production risk, causing a major price rally for corn and soybeans. This has created pricing opportunities for prod

NMPF Downbeat on Prospects For Immigration Reform In The Near-Term

Despite continued calls for immigration reform from the ag sector, prospects for any legislation to clear Congress in the near-term remain dim, officials with the National Milk Producers Federation (NMPF) told reporters this week. "I think it's going to be a challenge to get a bill through this environment. Given the politically charged nature of the issue is we approach a presidential election year," said NMPF President and CEO Jim Mulhern. Officials from several ag groups, including NMPF, are set to discuss the issue in a White House meeting this week, "so we may know more later," he added. The window for lawmakers to coalesce around legislation before next year's elections is rapidly clos

Dairy Safety Net Program: Hay price calculations just got better

With USDA initiating sign-ups for its cornerstone dairy safety net program on June 17, the federal agency simultaneously updated a major component in the feed cost margin calculator — hay prices. After listening to industry concerns, the department built in a 50 percent blend that includes Premium and Supreme alfalfa hay prices. This adjustment more closely aligns with real-world dairy rations and farm gate feed prices. With this top-quality alfalfa hay blended into the formula, USDA also announced revised feed cost margins for the first four months of the year. To better appreciate the adjustments, here are the updated “Income over feed cost margins”: January 2019 — $7.71 revised “Income ov

Fluid Milk and Cream - Western U.S. Report 24

Fluid milk production is steady to declining in California. Despite Recent high temperatures, milk components havenśt changed much. Milk supplies continue to be adequate for most processing needs. Bottled milk intakes are mixed with some high and low requests reported. There have also been some out-of-state sales to balance milk volumes. Arizona milk is steadily flowing without any issues from dairy farms to manufacturing facilities. Milk loads are available to fulfill all demand in the state despite steady to lower output. Though, the supplies going to balancing facilities is decreasing. Class I sales are stable, whereas Class II is level to up. New Mexico milk volumes are lower compared to

National Drought Summary for June 11, 2019

Summary This U.S. Drought Monitor week saw highly beneficial rainfall activity across drought-stricken areas of the Southeast. Across this region, locally heavy rainfall accumulations (ranging from 2 to 8+ inches) and localized flash flooding were observed. These soaking rains helped to significantly improve soil moisture as well as boost streamflow levels in some of the areas hardest hit by the recent heatwave. In parts of the Midwest, continued rains, flooding, and very moist soils delayed the planting of crops—including corn and soybeans. According to the USDA June 11th Weekly Weather and Crop Bulletin, “only 67% of the nation’s corn and 39% of the soybeans had been planted, breaking 1995

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