march 17 (2)

DFA Today: Friday, March 17, 2017

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March 17, 2017


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


  • 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.

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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.
# 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…