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Dairy prices plunged the last full week of March and the bleeding continues as COVID-19 fear reigns supreme, pulling Class III milk futures down with them. Cheddar block cheese did a free fall of 15 cents on Friday alone, as uncovered offers took them to close at $1.59 per pound, down 24.75 cents on the week and 5.5 cents below a year ago. The barrels finished Friday at $1.34, down 9 cents, 26.25 cents below a year ago and 25 cents below the blocks. Monday’s trading took 15.2
February Prices Received Index Up 1.8 Percent The February Prices Received Index 2011 Base (Agricultural Production), at 90.4, increased 1.8 percent from January and 0.1 percent from February 2019. At 85.9, the Crop Production Index was up 4.4 percent from last month and 0.9 percent from the previous year. The Livestock Production Index, at 94.8, decreased 3.7 percent from January and 0.4 percent from February last year. Producers received higher prices during February for ma
Average daily streamflows indicated in cubic feet per second.
Reservoir levels current as of midnight on date indicated.
Click on gaging stations (red dots) for streamflow hydrographs. Upper Snake River system is at 89 % of capacity. (Jackson Lake,Palisades, Grassy Lake,Island Park,Ririe,American Falls,LakeWalcott) Total space available:429800 AF Total storage capacity:4045695 AF
Fewer dairy farmers chose to opt into the Dairy Margin Coverage Program that was authorized in the 2018 Farm Bill. At the beginning of this year, the forecast was for an improving dairy economy and the USDA prediction tool that showed either low or no DMC payments this year. However, the rapidly-evolving situation brought on by the COVID-19 outbreak is a reminder about how important safety net programs can be in agriculture. DMC is a voluntary, insurance-style program that ma
California milk supplies continue to be available for all processing needs. Many customers have stocked up on bottled milk to insure they have enough if the stores were to close. As a result, some grocery stores’ shelves are empty and Class I demands have hit the roof. Class III sales are also trending higher. Moving milk across regions is still possible for California handlers, but it is a bit costlier.
Arizona milk production is strong. Milk loads are readily accessib
Storms delivered much-needed precipitation to California’s key watershed areas before soaking an area from the southeastern Plains into the Ohio and Tennessee Valleys with as much as 2 to 4 inches of rain. Some of the rain overlapped existing drought areas in southern Texas, providing substantial relief. Widespread precipitation also fell across the remainder of the West, except in the northern Rockies. Significant precipitation was also noted in Iowa and environs, while wind
Dairy Outlook: Dairy economists advise farmers to cut milk production 2% to 3% now. Prospects for higher milk prices in 2020 were riding high in January and February, and then along came the coronavirus. “The world has turned upside down. Back in January, we were forecasting a great year for dairy farmers. Milk prices were going to average way above 2019,” says Bob Cropp, University of Wisconsin-Madison dairy economist. Now with COVID-19, that’s no longer the case. Cow num
Dairy farmers welcome the response by the Department of Agriculture to the coronavirus crisis, but say more relief is needed. The National Milk Producers Federation sent a letter to Agriculture Secretary Sonny Perdue detailing the needs of dairy farmers during the crisis. NMPF President and CEO Jim Mulhern says in the letter, “The demand shock experienced by our entire economy is turning what initially looked to dairy farmers like the first decent year in the last five into o