News

2017 (10)

DFA Today: Tuesday, March 21, 2017

View this email in your browser

March 21, 2017

News


GlobalDairyTrade update

Today’s GlobalDairyTrade (GDT) event yielded mixed results across commodities and contract periods. The total volume of products purchased was 49.6 million pounds, up 375,000 pounds from the previous event. 

Whole milk powder (WMP) contract price changes were mostly positive. The total volume of WMP sold was up nearly 2 million pounds from the previous event, totaling 31 million pounds.
 
Skim milk powder (SMP) prices experienced the most weakness. In the previous event, the amount of SMP sold nearly doubled after an announcement indicating volume would be added to the GDT auction. Today, however, the amount of SMP sold declined slightly despite lower prices.
 
Nearby GDT butter contract prices increased, with the April contract settling at the highest butter contract price on record. 











Top milk-producing states update

According to U.S. Department of Agriculture's February Milk Production report, among the top 10 milk-producing states, all states maintained their rankings from the previous report.
 
Compared to February 2016, these 10 states produced an additional 288 million pounds of milk and account for 77 percent of the total increase in U.S. milk production.* 
 
*Leap-year adjusted 

Daily Market Update

Provided by DFA Risk Management


Dairy

  • CME Group Class III milk futures increased as much as 53 cents per hundredweight, with the most strength in the second quarter. Increases in the CME cash block and barrel cheese markets supported nearby CME cheese and Class III milk futures. After setting a 10-month low last week, CME cash block cheese has increased 7 cents to $1.43 per pound. 
  • Despite an unchanged CME cash nonfat dry milk (NFDM) market, nearby CME NFDM futures strengthened. The GDT SMP price declined 10 percent on average between May and August 2017. Over the same time period, CME NFDM futures increased, settling at 89 cents per pound, up 1½ cents on average. 


Grains and other markets

  • CME soybean futures increased through 2018, despite reports of increased production expectations in Brazil. Gains were strongest in the later months, with September and November 2017 CME soybean futures each up more than 4 cents to $10.05¼ and $9.98¼ per bushel, respectively. 
  • CME corn futures settled lower through 2018. Favorable weather forecasts for the rest of the year contributed to the declines. July CME corn futures settled at $3.68¾ per bushel, down 2½ cents.
      
Read more…

DFA Today: Monday, March 20, 2017

View this email in your browser

March 20, 2017

News


US milk production increased

U.S. Department of Agriculture (USDA) released the February Milk Productionreport. The report indicated milk production was down 209 million pounds (1.2 percent) to 16.7 billion pounds compared with the prior year. Despite this reported decline, adjusting for leap year resulted in milk production increasing 2.3 percent using a 28-day month for February 2016.

The U.S. dairy herd size was reported at 9.4 million head, up 56,000 cows (0.6 percent) compared to the prior year.
 
Milk per cow was reported at 1,782 pounds, a decrease of 33 pounds (1.8 percent) compared with last year. Adjusting for leap year, milk per cow increased 1.7 percent using a 28-day month.


CWT accepted 22 requests for assistance

Cooperatives Working Together (CWT) accepted 22 requests for export assistance from member cooperatives to sell 3.5 million pounds of cheddar, Gouda and Monterey Jack cheeses to customers in Asia and Oceania. The product has been contracted for delivery through June 2017.
 
Year to date, CWT has assisted member cooperatives who have contracts to sell 19 million pounds of American-type cheeses, and 1.4 million pounds of butter to 12 countries on four continents. The sales are the equivalent of 207 million pounds of milk on a milkfat basis. 

Daily Market Update

Provided by DFA Risk Management


Dairy

  • CME Group Class III milk futures weakened through the first quarter of 2018, with the second-half 2017 average settling 21 cents per hundredweight lower on average. Declines in CME dry whey and cheese futures factored into this weakness. The second-half 2017 CME dry whey futures average decreased 1¾ cents, to 36¼ cents per pound. 
  • CME cheese futures declined ahead of USDA's Milk Production report. The second-half CME cheese futures average declined 1 cent per pound.  
  • Despite an unchanged CME cash butter market, CME butter futures declined through November, with the most weakness in the April 2017 contract which declined 2½ cents per pound.


Grains and other markets

  • CME cattle markets strengthened, despite last week’s reports of increased slaughter rates. April CME feeder cattle futures settled at $132.45 per hundredweight, up $8.70 from March 1, and the highest price since August.
  • CME crude oil futures were pressured by reports of increased number of U.S. oil rigs. In addition, stronger oil output by Saudi Arabia is also offsetting Organization of Petroleum Exporting Countries' (OPEC) commitment to reduce production. May CME crude oil futures settled at $48.91, down $5.37 per barrel since March 1, and its lowest since November 2016.
Read more…

DFA Today: Friday, March 17, 2017

View this email in your browser

March 17, 2017

News


US estimated fluid milk sales decline

According to U.S. Department of Agriculture’s (USDA) EstimatedFluid Milk Products Sales Reportfor January, total fluid milk product sales decreased 0.8 percent to 4.26 billion pounds, compared to January 2016.

Total whole and flavored milk sales continued to increase, with year-over-year sales strengthening 42 million and 34 million pounds, respectively. 


Consumer sentiment update

According to the University of Michigan’s Surveys of Consumers, the preliminary result for the March consumer sentiment index is 97.6, up 1.3 points from the previous month.

While the index was up overall, consumer expectations were mixed. Future economic prospects were largely affected by partisanship, with Democrats more commonly reporting expectations of a recession while Republicans anticipate economic growth. Despite mixed future economic forecasts, renewed strength in current economic conditions ultimately led to a positive outcome for the March consumer sentiment index.

Daily Market Update

Provided by DFA Risk Management


Dairy

  • Second-quarter CME Group Class III milk futures strengthened with support from increases in the CME cash cheese markets. Despite today's strength, the second-quarter CME Class III milk futures average has decreased 31 cents per hundredweight since last Friday.
  • Supported by a stronger CME cash butter market, April CME butter futures increased more than 2 cents per pound. On this date in 2016, the CME cash butter market settled at $1.94, 19 cents per pound lower than today's settlement.
  • The spread between CME Class III milk futures and the DFA Risk Management feed index for the second half of the year is $8.56 per hundredweight, down 23 cents from last week. Weaker CME Class III milk futures, in addition to slight increases in CME corn futures, factored into the weaker margin. 

Grains and other markets

  • CME corn futures strengthened slightly as market participants attempt to balance increasing demand for corn exports and ethanol with strong global corn production. December CME corn futures increased this week after experiencing significant declines since the beginning of March. 
  • CME soybean futures remain under pressure from growing global stocks. Reports indicate Brazil's soybean harvest is more than 50 percent complete. Since March 1, November CME soybean futures have declined nearly 37 cents to $9.93½ per bushel.


 
Read more…

Market Report Friday, March 17, 2017

Turlock Livestock Auction Yard

Friday, March 17, 2017
Receipts of 837 Hd.

Good supply of springers with better activity.
   Weigh Cows and Bull market 1-2 cents
stronger than a week ago.
 
Next Video Sale
Friday, April 7, 2017
 
Many thanks to all our Customers for
 your quality consignments throughout
the year and a big thanks to all
the buyers for your continued support.
 
Springers
# 1 Hol Spr. $ 1700.00 - 1975.00 
# 2 Hol Spr. $ 1300.00 - 1675.00
# 1 Jer Spr. $ 1450.00 - 1750.00
#1 Jer X Spr. $ 1400.00 - 1775.00
 
Weigh Beef Cows 
High Yielding $ No Test
Med Yielding $ 47.00 - $ 64.00
Low Yielding $ 40.00 - $ 46.00
 
Weigh Dairy Cows 
High Yielding $ 64.00 - 72.75
Med Yielding $ 54.00 - 63.00
Low Yielding $ 35.00 - 53.00
 
Weigh Bulls 
High Yielding $ 80.00 - 93.00
Med Yielding $ 70.00 - 79.00
Low Yielding $ 50.00 - 69.00
 
Holstein Barren Heifers 
$ 62.00 - 80.00
Turlock Livestock Auction Yard, Inc.
10430 N. Lander Ave.
Turlock, California 95380

(209) 634-4326
Read more…

DFA Today: Thursday, March 16, 2017

View this email in your browser

March 16, 2017

News


Drought monitor update

U.S. Department of Agriculture (USDA) released the U.S. Drought Monitor update for the week ending March 14.

In the northeast and mid-Atlantic regions, several inches of rain helped improve drought conditions in Maryland, New Jersey and Delaware. Temperatures throughout most of these regions were cooler than normal.

In the southeast area of the country, rainfall in Mississippi, Alabama and Tennessee aided in reducing drought conditions. Florida remained relatively dry, which expanded drought conditions.

Temperatures were mixed throughout the Midwest and Plains. Most of the area remained dry, but there was little-to-no change in drought conditions.

Warmer-than-normal temperatures occurred in the West. Portions of Colorado experienced moderate drought conditions. Precipitation fell over the Pacific Northwest and northern Rocky Mountains.


Oceania dairy market overview

According to USDA's Oceania Dairy Market Overview, bank economists recently decreased New Zealand milk price forecasts for the current milking season due to changes in milk production expectations.

Market analysts previously anticipated milk production to decline 7 percent from the prior season; however, as weather conditions continue to improve, recent reports indicate production may only decline 5 percent. If realized, milk production for the current season, which began in June, would decline approximately 2.4 billion pounds to 45.2 billion pounds. 

Daily Market Update

Provided by DFA Risk Management


Dairy

  • CME Group Class III milk futures declined through February 2018. The second-quarter 2017 CME Class III milk futures average experienced the most weakness, declining 33 cents to $15.48 per hundredweight. Second-quarter CME cheese futures also weakened, settling at $1.56½ per pound, down 2 cents on average. In the last three months, the second-quarter CME cheese futures average has declined 24¼ cents.
  • Despite an unchanged CME cash nonfat dry milk (NFDM) market, CME NFDM futures traded mixed through September 2017. The third-quarter futures average settled at 91 cents per pound, up 1 cent from yesterday, but down 27½ cents since January 1.
  • The CME cash butter market settled lower, pressuring nearby CME butter futures. The April-through-September CME butter futures average settled at $2.19½ per pound, down 1¼ cents. The fourth-quarter CME butter futures average remains above $2.20 per pound. The last time the fourth-quarter average settled below $2.20 was December 2016. 

Grains and other markets

  • USDA’s weekly Export Salesreport for the week ending March 9 indicated a 30-percent increase in soybean meal sales, supporting CME soybean meal futures. CME soybean meal futures settled higher through March 2018, up at least $1 per ton. May and July CME soybean meal futures settled higher for the second-consecutive session, settling at $329.30 and $332.60 per ton, respectively. Export sales for corn increased 69 percent week over week, which supported nearby CME corn futures. 
     

Read more…

DCHA E-News: March 15, 2017

Facebook  Twitter  
 
 

Can’t Miss Farm Tours

 
From Jerseys to Holsteins and auto feeders to individual housing, you won’t want to miss the farm tours at this year’s DCHA conference! Hear how these farms have expanded their herds, adapted their facilities and incorporated the next generation. Endres Jazzy Jerseys Dave E...
Read More
 
 
 
 

Motivate Your Team

Ruby Newell-Legner, certified speaking professional and founder of 7 Star Service, has clients ranging from the world’s only 7-Star Hotel in Dubai, UAE, to the National Western Stock Show in Denver, plus 29 professional sports teams and 60 sports and entertainment venues. Ruby’s talk “7 Sta...
Read More
 
 

Member Features

“I like DCHA because we’re all committed to calves and all have a passion for calves. Anytime you get a group of people together who care about calves the ideas flow. We’re here for networking and learning from other people to take new tidbits of information back home to make our operations be...
Read More
 
 

Speaker Spotlight: Mike Van Amburgh

Mike Van Amburgh is a Department of Animal Science Professor at Cornell University. Along with teaching multiple courses and advising students, Dr. Van Amburgh leads the Cornell Dairy Fellows Program and is the advisor for the Cornell University Dairy Science Club. For the last 18 years, Dr. Van ...
Read More
 
 

Join us on Facebook

Are you engaged in Facebook? Are you a DCHA Member? Become part of the conversation in the DCHA Member Network. This private Facebook group, exclusive to members, makes year-round peer networking available. Members now have a continuous platform to connect with fellow DCHA members, ...
Read More
 
 

SPONSORS

Read more…

DFA Today: Tuesday, March 14, 2017

View this email in your browser

March 14, 2017

News


Weekly fuel update

According to the U.S. Energy Information Administration’s Gasoline and Diesel Fuel Update for the week of March 13, the current price for a gallon of regular conventional gasoline is $2.24, down 2 cents from the prior week and up 35 cents from the prior year. The current average price for a gallon of diesel across all types is $2.56, down 2 cents from last week and up 47 cents from the prior year.
 
Year to date, the weekly U.S. gasoline price has averaged within a 10-cent range, while the average diesel price has only varied within a 4-cent range. Since 2016, fuel prices have steadily increased. The largest average price increases have occurred throughout the Mountain and West Coast regions of the United States. 


Global weather update

According to U.S. Department of Agriculture's (USDA) Weekly Weather and Crop Bulletin for the week ending March 11, weather conditions throughout key global dairying regions were mixed.
 
Most regions across Europe experienced warm temperatures during the week, accelerating winter crop growth. Rain fell over France and Germany, improving soil conditions, while mostly dry conditions in Italy promoted seasonal fieldwork. 

Australia experienced a combination of widespread showers and sunny skies throughout the week, which benefited soil conditions. Temperatures were in line with seasonal expectations for the third-consecutive week. 

Across Argentina, heavy rains provided mostly favorable conditions for immature summer grains. Key corn and soybean regions sustained above-average temperatures, promoting late-season growth. 

Daily Market Update

Provided by DFA Risk Management


Dairy

  • CME Group Class III milk futures increased through 2017, with nearby support from a slightly stronger CME cash block cheese market. The second-quarter CME Class III milk futures average gained 6 cents per hundredweight, the first daily increase in seven sessions. In the last three weeks, this average has declined more than $1 per hundredweight.
  • Despite a stronger CME cash butter market for the first time in one week, nearby CME butter futures declined. Since the beginning of the month, the second-quarter CME butter futures average has declined 11½ cents, settling at $2.19 per pound.
  • At the beginning of March, the CME cash nonfat dry milk (NFDM) market traded below 80 cents per pound for the first time in nine months. The market temporarily strengthened 1¾ cents; however, a weaker cash NFDM market pressured nearby NFDM futures today. These contracts declined more than ½ cent, bringing the second-quarter average to 84¾ cents per pound.

Grains and other markets

  • Since the beginning of the month, CME corn futures have declined sharply with pressure from strong South American crop prospects. Today’s gains were the first in seven sessions, lifting May CME corn futures from the 2017 low of $3.61 per bushel.
Read more…

DFA Today: Monday, March 13, 2017

View this email in your browser

March 13, 2017

News


Domestic dairy consumption update

Based on dairy statistics from U.S. Department of Agriculture's (USDA) Economic Research Service (ERS), domestic consumption of dairy products in January was mixed.
 
Nonfat dry milk (NFDM) and skim milk powder (SMP) consumption increased 28 million pounds compared to the prior year, and other-than-American cheese consumption increased 31 million pounds. Dry whey consumption also strengthened, increasing 10 million pounds year over year.
 
Domestic butter and American cheese consumption declined, down 21 million and 7 million pounds, respectively. Despite the weakness in January, American cheese consumption in the United States remained nearly 17 million pounds (5 percent) higher than the five-year average. 


Dairy export update

Based on export data released by USDA's Foreign Agricultural Service, January dairy exports comprised 13 percent of total U.S. milk production on a milk solids basis for the month. This was up nearly 1 percent from the prior year. Dairy imports represented 3.8 percent of January milk production, down 0.5 percent from the previous year. 

Daily Market Update

Provided by DFA Risk Management


Dairy

  • The CME Group cash block cheese market traded lower for the fifth-consecutive session, settling at $1.36¾ per pound. Nearby CME cheese futures were pressured lower, while the June-through-September average increased 1 cent to $1.70 per pound.
  • CME Class III milk futures weakened, pressured by commercial disappearance data released by USDA ERS, which indicated total cheese use was down 4.4 percent from the prior month. The CME cash cheese markets also contributed to the declines. April through September futures settled at $16.20 per hundredweight, a decline of 15 cents since March 1 and the lowest average since October 12.

Grains and other markets

  • CME corn futures declined significantly, pressured by last week’s USDA World Agricultural Supply and Demand Estimates report and weather concerns. May CME corn futures declined for the sixth-consecutive session, settling at $3.61 per bushel.
  • CME crude oil futures neared three-month lows due, in part, to reports of growing inventories and increasing drilling activity. May CME crude oil futures settled at $48.94, down more than $5 per barrel since March 1.
Read more…

ODFA Update - March 8, 2017

Proudly Serving the Oregon Dairy Industry Since 1892 
Bub Boquist with ODFA Board President, Chad Allen 
Boquist Honored by ODFA  
 
Bub Boquist was recently honored by the Oregon Dairy Farmers Association as their Community Service Award recipient. Bub has spent a lifetime dedicated to the dairy industry and to public service.
 
He was born in Tillamook and grew up on his family's farm located on the lower Kilchis River. From an early age, he knew he wanted to be a farmer. Bub married his wife Dolly in 1951, and they had six children. They milked cows for many years, farmed and raised their family in Tillamook until he finally retired from dairying just a few years ago.
 
Bub has provided leadership and service in the Tillamook community throughout his life. He speaks from the heart, drawing on his incredible wisdom, thoughtfulness and years of experience. His leadership and public service to help agriculture and the general public in the area of soil and water conservation and flooding has been extremely significant and appreciated by those living in Tillamook County. 
 
Bub served on the Soil & Water District Board for 30 years, Farm Bureau board for 10 years, the Juno Water District for 50 years and the Watershed Council. At the present time, he is serving on the Tillamook Bay Estuary Committee. 
 
Bub served three terms as a board member on the Agriculture Stabilization and Conservation board in the 1970's. Bub was a charter member of the Tillamook Bay Habitat and Estuary Improvement District that started in June of 2002 and he continues to be involved today. In 2015, Bub & Dolly were the Grand Marshall's of the June Dairy Parade.
  
Bub has spent his life dedicated to producing quality dairy products, raising his family and serving on boards that focus on helping keep agriculture successful for years to come. In 2015 Bub was named as an OSU Diamond Pioneer Agriculture Career Achievement Award winner. 
 
On behalf of the Oregon Dairy Farmers Association, congratulations and thank you to Bub Boquist, our Community Service Award recipient.
 

Tami Kerr, Executive Director

 

Tammy Dennee, Legislative Director

 

 ODFA | (971) 599-5269 www.oregondairyfarmers.org
Read more…
Turlock Livestock Auction Yard
                       Market Report
 
Tuesday, February 28, 2017 
Receipts of 913 Hd.

Light test on feeders. Weigh cows and bulls 1-2 cents 
better than a week ago. 
Next Tuesday, March 7, 2016
Special Feeder Sale
Many thanks to all our Customers for your quality consignments throughout the year and a big thanks to all the buyers for your continued support. 
Special Female Sale
3 n 1 Pairs
6 Blk Pairs 1421 lbs. @ $ 1725.00
4 Blk Pairs 1521 lbs. @ $ 1710.00
4 Blk Pairs 1421 lbs. @ $ 1700.00
Open Pairs
$ 1425.00 - 1600.00
#1 Med. & Large Frame Steers
300-400 lbs. - $ 160.00 - 184.00
400-500 lbs. - $ 150.00 - 173.00
500-600 lbs. - $ 145.00 - 160.00
600-700 lbs. - $ 120.00 - 135.00
700-800 lbs. - $ 118.00 - 124.50
800-900 lbs. - $ 115.00 - 123.00

#2 Med. & Large Frame Steers
300-400 lbs. - $ 100.00 - 155.00
400-500 lbs. - $ 100.00 - 149.00
500-600 lbs. - $ 100.00 - 140.00
600-700 lbs. - $ 95.00 - 118.00
700-800 lbs. - $ 90.00 - 117.00
800-900 lbs. - $ 75.00 - 114.00
 
#1 Med. & Large Frame Heifers
300-400 lbs. - $ No Test
400-500 lbs. - $ 130.00 - 150.00
500-600 lbs. - $ No Test
600-700 lbs. - $ No Test
700-800 lbs. - $ No Test
800-900 lbs. - $ No Test

#2 Med. & Large Frame Heifers
300-400 lbs. - $ 105.00 - 134.00
400-500 lbs. - $ 100.00 - 129.00
500-600 lbs. - $ 80.00 - 127.00
600-700 lbs. - $ 80.00 - 123.00
700-800 lbs. - $ 75.00 - 120.00
800-900 lbs. - $ 75.00 - 104.00

#1 Holstein Steers 
300-400 lbs.. $ No Test
400-500 lbs.. $ 60.00 - 78.00
500-600 lbs.. $ 60.00 - 76.00
600-700 lbs.. $ 60.00 - 75.00
700-800 lbs.. $ 60.00 - 74.00
800-900 lbs.. $ 60.00 - 74.00
Holstein Barren Heifers
$ 60.00 - 78.00
 
Weigh Beef Cows 
High Yielding $ 62.00 - $ 70.00 
Med Yielding $ 51.00 - $ 61.00 
Low Yielding $ 40.00 - $ 50.00 
Weigh Dairy Cows 
High Yielding $ 58.00 - $ 68.50
Med Yielding $ 48.00 - $ 57.00 
Low Yielding $ 35.00 - $ 47.00 
Weigh Bulls 
High Yielding $ No Test
Med Yielding $ 70.00 - $ 77.00 
Low Yielding $ 58.00 - $ 69.00


 
Representatives
Max Olvera (209) 277-2063
Steve Faria (209) 988-7180
Eddie Nunes (209) 604-6848
Chuck Cozzi (209) 652-4479
Bud Cozzi (209) 652-4480
John Luiz (209) 480-5101
Brandon Baba (209) 480-1267
Jake Bettencourt (209) 262-4019
Tim Sisil (209) 631-6054

                            
               
Turlock Livestock Auction Yard, Inc.
10430 N. Lander Ave.
Turlock, California 95380

(209) 634-4326
Read more…