May Agriculture Prices Paid and Received Increase

May Prices Received Index Up 3.9 Percent The May Prices Received Index 2011 Base (Agricultural Production), at 88.2, increased 3.9 percent from April but decreased 4.8 percent from May 2019. At 94.5, the Crop Production Index was up 2.3 percent from last month and 11 percent from the previous year. The Livestock Production Index, at 82.6, increased 5.4 percent from April, but decreased 17 percent from May last year. Producers received higher prices during May for broilers, hogs, oranges, and cattle but lower prices for market eggs, milk, corn, and potatoes. In addition to prices, the indexes are influenced by the volume change of commodities producers market. In May, there was increased mont

Dairy Market: Cheese prices hesitate

Most Father’s Day Week dairy prices weakened, though Cheddar block cheese set another record high last Tuesday, pole vaulting 10.75 cents to a whopping $2.81 per pound. But, as the saying goes, what goes up, must come down and down it did, plunging 23 cents Wednesday, the second largest single-day loss ever, and closed Friday at $2.5750, 7.5 cents lower on the week but 71.75 cents above a year ago. Tuesday’s spread had the barrels at 44 cents below the blocks, exceeding the previous record spread of 43.25 cents on Sept. 23, 2019. The Cheddar barrels saw their Friday finish at $2.40 per pound, up 11.5 cents on the week, 61 cents above a year ago, but 17.5 cents below the blocks. There were 14

USDA Weekly Crop Progress Report - Corn Rated 73% Good to Excellent, Soybeans 71% Good to Excellent

OMAHA (DTN) -- Corn and soybean conditions rose slightly last week and remain among the highest of the past decade, USDA NASS said in its weekly Crop Progress report on Monday. NASS estimated that 73% of the corn crop was in good-to-excellent condition as of Sunday, June 28, up 1 percentage point from 72% the previous week and well above 56% at the same time a year ago. The current rating is the third-highest good-to-excellent rating since 2011, noted DTN Lead Analyst Todd Hultman. "Iowa and Minnesota continue to stand out with high good-to-excellent ratings of 85% and 84%, respectively," Hultman said. "Crops in Illinois, Michigan and Ohio showed significant improvements of 7 to 8 percentage

USDA Dairy Safety-Net Program Signup to Begin October 12

The U.S. Department of Agriculture’s Farm Service Agency (FSA) announces that Dairy Margin Coverage (DMC) safety-net signup for 2021 coverage will begin October 12 and will run through December 11, 2020. DMC has already triggered payments for two months for producers who signed up for 2020 coverage. “If we’ve learned anything in the past six months, it’s to expect the unexpected,” said FSA Administrator Richard Fordyce. “Nobody would have imagined the significant impact that current, unforeseen circumstances have had on an already fragile dairy market. It’s during unprecedented times like these that the importance of offering agricultural producers support through the delivery of Farm Bill s

Milk price rebounds 100% between April and July

Dairy Outlook: Class III milk futures soar above $22. Milk prices have always been volatile, but it looks like volatility will set a record in 2020. In January, the Class III price was $17.05. By May, it had fallen to $12.14. It looks like June will be above $20. The Class IV price has also been volatile, falling from $16.65 in January to $10.67 in May, and then recovering to $13.35 in June. What factors drove these big changes in milk prices? “The sharp drop in prices in May was the result of the COVID-19 virus shutting down schools, universities, restaurants and food service, which caused a big drop in the sales of milk, cheese and butter,” Cropp says. “Milk production was also at a relati

FFA National Convention and Expo Goes Digital in October

The National FFA Organization announced last week that the 2020 National FFA Convention and Expo will be held virtually. “We wanted to ensure that our members and guests had the full convention experience,” says Mark Peoschl (PESH-uhl), National FFA CEO. “After a discussion with the Board of Directors, the decision was made to move forward with a virtual experience in 2020.” He says as they continued to plan for the national convention, it became clear that travel restrictions and public health concerns, among many other challenges, made hosting their in-person event impossible this year. This year’s event will still be hosted by the 2019-2020 National FFA Officer Team and continue the tradi

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

In California, milk production is unchanged from the previous week. The weather has not much impacted milk yield in recent days. Supplies are steady to tight. Class I and II demands are stable, but Class III intakes are strong due to increased cheese production. Ice cream makers continue to ramp up their production schedules. There is a good equilibrium between current milk demands and sales. Nonetheless, spot sales are limited. Arizona milk production is stable to slightly down. Component levels are dropping. The hot and dry weather conditions are uncomfortable for dairy cows. The monsoon season started last week, although there hasn't been any rain yet. All milk supplies are being

Manure targeted to create prosperity for dairy industry

University of Idaho secures $10 million USDA grant to create bioproducts from dairy waste streams to build sustainability. A team of University of Idaho researchers has secured a $10 million grant from the U.S. Department of Agriculture's National Institute of Food & Agriculture (NIFA) to evaluate the use of bioproducts from dairy waste streams to enhance sustainability for Idaho agriculture and develop economic opportunities for the state’s dairy industry. As the third-largest dairy state in the nation, Idaho’s dairy producers face major challenges in managing the manure that is generated by the dairy cattle. The project will create "useful bioproducts" from dairy manure that can be transpo

This Week's Drought Summary (6/25)

Precipitation fell across much of the northern tier states and the eastern half of the CONUS this week. Much of the eastern United States has experienced increased dryness over the past 30-60 days and above normal temperatures. The heaviest rains missed many of the D0 and adjacent areas, warranting D0 expansion for several locations in the eastern CONUS. The Northeast (New York to New England) has seen conditions drastically deteriorate this week. Agricultural impacts are being reported across many areas in New England, particularly Maine, and 7-day USGS streamflows are below the 10th percentile for much of the Northeast Region. Areas just east of the Rockies missed out on some of the heavie

Dairy Market: Will cheese price hit $3?

CME Cheddar block cheese started the third week of June Dairy Month losing 2 cents and stayed there until Friday, when it rocketed up 15 cents on 3 unfilled bids to a record high of $2.65 per pound, up 13 cents on the week and 82.50 cents above a year ago. But wait, there’s more. The blocks shimmied up another 5.25 cents on Monday, setting another record high, then pole vaulted 10.75 cents Tuesday, as traders weighed Monday’s May Cold Storage report, and set another block record of $2.81 per pound. Do I hear $3? The barrels finished Friday at $2.2850 per pound, down 4.75 cents on the week but 54.75 cents above a year ago. Trading activity saw only 7 cars of block sold last week at the CME an

USDA Weekly Crop Progress Report - Good-to-Excellent Ratings at 72% for Corn, 70% for Soybeans

OMAHA (DTN) -- The condition of the nation's corn crop improved slightly last week while soybean conditions dropped slightly, USDA NASS said in its weekly Crop Progress report on Monday. NASS estimated that 72% of the corn crop was in good-to-excellent condition as of Sunday, up 1 percentage point from 71% the previous week and well above 56% at the same time a year ago. "Iowa and Minnesota, both at 85%, and Wisconsin, at 80%, had the highest good-to-excellent corn ratings," said DTN Senior Analyst Dana Mantini. "Nebraska is at 74% good to excellent, and Illinois, Indiana and Ohio are all rated from 56% to 59% good to excellent." NASS estimated that 2% of corn was silking, slightly ahead of

CoBank forecasts solid recovery for U.S. sugarbeet industry

Increased acreage, higher prices and strong demand point to improved outlook for sugarbeets this year. CoBank is forecasting a better year for U.S. sugarbeet growers and processors. “Assuming we return to reasonably normal harvest weather this fall, expectations are for a much bigger crop to be harvested for the 2020-21 season,” says Tanner Ehmke, manager of CoBank’s Knowledge Exchange. “With processors contracting refined sugar at much higher prices, fortunes are expected to turn favorable for growers and processors in the marketing year ahead.” U.S. sugarbeet production last year marked the fifth-biggest year-over-year decline on record, dropping 14% to 28.6 million short tons. In three ma

U.S. Dairy Calls for An End to EU Dairy Dumping into International Markets

An economic analysis published this week shows the serious impact of the European Union’s Skim Milk Powder Intervention Program on U.S. dairy. The program hit U.S. farm-gate milk prices especially hard during 2016-2019. The report says the U.S. was economically harmed in three ways. First, the EU program depressed the global price of skim milk powder, lowering U.S. milk prices, and contributing to a $2.2 billion loss in 2018 and 2019. The program also inflated the EU market share, resulting in a drastically smaller export market share for U.S. dairy exporters, which led to export losses totaling $168 million in 2018-2019. Finally, the analysis says when the EU unleashed its stockpile of skim

Organic Farmers say USDA “Let Down” Organic Dairies

The Organic Farmers Association is asking members of Congress to ensure that USDA’s National Organic Program complies with the law and finalizes the Origin of Livestock rule as quickly as possible. A recent deadline for the National Organic Program to finalize the long-awaited Origin of Livestock rule has passed by. The Association says the rule is necessary to close a loophole in organic dairy standards that has supported rapid growth in larger organic dairies and consequently put family organic dairy farmers out of business across the country. As many as 70 organic farm organizations from around the nation sent a letter to members of Congress, including the House and Senate Ag Committees,

May Milk Production Down

May Milk Production down 1.0 Percent Milk production in the 24 major States during May totaled 18.0 billion pounds, down 1.0 percent from May 2019. April revised production, at 17.8 billion pounds, was up 1.3 percent from April 2019. The April revision represented a decrease of 47 million pounds or 0.3 percent from last month's preliminary production estimate. Production per cow in the 24 major States averaged 2,031 pounds for May, 32 pounds below May 2019. The number of milk cows on farms in the 24 major States was 8.84 million head, 50,000 head more than May 2019, but 12,000 head less than April 2020. May Milk Production in the United States down 1.1 Percent Milk production in the United S

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

California milk supplies are down and are not always enough to fill spot demands. However, the most pressing needs can be taken care of without any major issue. Milk production is still lower. Class I sales are steady. Class II demands are somewhat increasing. A few ice cream manufacturers are taking more milk for their production needs. Milk component levels are down. In Arizona, farm milk output remains unchanged from a week ago. Milk volumes produced are enough to meet the needs of buyers. However, there is no surplus milk available for additional buying. Processing facilities are running a bit below full capacity. Bottled milk demands are steady, whereas Class II requests are rampin

Recent Posts
Follow Us
  • LinkedIn Social Icon
  • Facebook Basic Square
  • Instagram Social Icon
  • Twitter Basic Square
How can we help?

KeyAg Distributors, 4525E, 3425N, Murtaugh, ID 83344          800-388-3659

Disclaimer/Privacy Policy  © 2016-2020 Pacer Technology

  • Facebook Clean
  • LinkedIn Clean
  • Twitter Social Icon
  • Instagram Social Icon