National milk production up 2.5 percent in August

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Although the top two states lagged in their percentage of increase in the milk production comparisons for August of this year and 2013, the United States nevertheless posted a 2.5-percent increase in the monthly report issued late last week by the National Agricultural Statistics Service.
The preliminary report credited California and Wisconsin with respective 1.4 and 1.2-percent increases in the detailed statistics for the top 23 milk production states. Other major producing states such as Michigan, Texas, Idaho, New York, and New Mexico carried the load for boosting the 23-state total to 16.177 billion pounds of milk for August compared to 15.768 billion pounds in August of 2013.
Although Wisconsin’s percentage increase for August came in at one-half of the national average, the state’s production of 2.362 billion pounds of milk set a record for the month. This year’s production was 28 million pounds more than in August of 2013.

Highest percentage increases

Among the top eight states, the August percentage increases included 6.7 in Michigan, 6.2 in Texas, 3.8 in New Mexico, 3.1 in Idaho, and 2.7 in New York. Other top percentage increases posted for August were 8.4 in Florida, 8 in Colorado, 5.8 in Kansas, 5 in Indiana, and 4.4 in Arizona. Oregon was the only state reporting a decline in the August comparisons.
California’s 1.4-percent increase for August gave it a total milk production of 3.449 billion pounds for the month. In addition to Wisconsin, the other states with more than 1 billion pounds for the month were Idaho with 1.216 billion and New York with 1.181 billion.
The milk production increase for August was due to a combination of added milk cow numbers and more average milk per cow. In the top 23 states, cow numbers were up by 60,000 to 8.582 million while average milk per cow was up by 35 pounds to 1,885 pounds.
In Wisconsin, cow numbers were down by 2,000 to 1.27 million. The state’s average increase of 25 pounds of milk per cow to 1,860 pounds for August accounted for the 1.2-percent increase.

Price records set

On Friday, Sept. 19, Cheddar block cheese joined the chorus of record high prices for dairy commodities in the spot market on the Chicago Mercantile Exchange. (CME). A 4-cent per pound price jump that day established a record high of $2.45 per pound.
In trading on the CME this week, however, that price began to slip. Cumulative losses on the first three days of the week dropped the block price to $2.3475 per pound. On Wednesday, two carloads were sold and an offer to sell one carload was not covered.
Cheddar barrel cheese climbed to a new height of $2.49 per pound early this week and stayed there through Wednesday. An unfilled bid to buy one carload was the only activity on Wednesday.
The spot market price for AA butter also vaulted to a new high of $3.06 per pound on Friday, Sept. 19 and remained there through Wednesday of this week. The four carload sales on Wednesday brought the week’s total to 11 sales.
With small recent increases, the CME price for Grade A non-fat dry milk stood at $1.385 per pound on Wednesday. An unfilled bid to buy one carload was the market day’s only activity.

Nearby futures strong

There was minimal price movement on Wednesday in the Class III milk futures for the upcoming 18 months. That left the prices at record or near record highs of $24.57 per hundred for September, $25 for October, $22.85 for November, and $21.02 for December.
For 2015, however, a decline sets in, starting with futures prices of $18.99 per hundred for January and $18.10 for February before they fall into the upper half of the $17s for all remaining months of the year.
Dry whey futures prices follow the same trend. With virtually no price movement on Wednesday, prices included 67 cents per pound for September and 56 cents for December before a decline to the upper 40s per pound for all months in 2015.
On Tuesday of this week, Cooperatives Working Together announced the receipt of five bids from Dairy Farmers of America and Tillamook County Creamery of Oregon for financial assistance on the export of 2.714 million pounds of Cheddar and Gouda cheese to countries in Asia and the Middle East. Those deliveries are scheduled until January of 2015.

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Source: Wisfarmer

Mirá También

Así lo expresó Domingo Possetto, secretario de la seccional Rafaela, quien además, afirmó que a los productores «habitualmente los ignoran los gobiernos». Además, reconoció la labor de los empresarios de las firmas locales y aseguró que están «esperanzados» con la negociación entre SanCor y Adecoagro.

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