DairyBusiness Update for 8.26.13
Dairy forage growers are invited to attend the World Forage Analysis Superbowl Dairy Forage Seminars, Oct. 2-5 at the Alliant Energy Center in Madison, Wis. Industry experts will present a series of educational programs geared towards assisting farmers with improved forage growing, storage and feeding techniques.
Topics include: Differences in Making Alfalfa and Grass Silage; Reducing Heat Damage in Hay and Haylage; Using Forage Fiber Analyses to get the Most from Your Cows; Have You Kept Pace with Improved Forage Testing Options?; Plastic Covers and Silage Density: What’s New and Basic in Making Good Silage?; Using Propionic Acid to Preserve More Hay; and Corn Silage Yield Drivers and Profit Robbers. Read more ...
These seminars are included with World Dairy Expo admission and will take place on the Dairy Forage Stage, in the Arena Building, near the World Analysis Forage Superbowl displays. World Dairy Expo will be held Oct. 1-5. Schedule details are available at worlddairyexpo.com.
MARKETS: Cheese bounces up; Class III futures mostly higher
Cash cheese markets start the last week of August on an “up” note, according to DairyBusiness Update associate editor Lee Mielke. “Roller coasters have to go up from time to time,” he said, “and it appears that Friday’s rally in cheese was sustained this morning.”
The markets won’t receive a lot of fresh news this week as USDA only issues its monthly Ag Prices report Friday after the cash market trades.
Cheddar blocks jumped 2.5¢ this morning, following Friday’s 2.25¢ rise, and hit $1.6950/lb. Four cars traded hands: 1 at $1.7050/lb.; 1 bid at $1.6950/lb. was left on the board. Barrel cheese pole vaulted 6.25¢, on 2 unfilled bids, and is now trading at $1.7050/lb., 1¢ above the blocks.
Butter was unchanged, holding at $1.3950/lb. One bid at that price went unfilled, and 1 offer at $1.4050/lb. was uncovered.
Powder was steady, with Grade A remaining at $1.80/lb., and Extra Grade at $1.78/lb. There was no activity.
Today’s market closing prices:
Butter: unchanged, at $1.3950/lb.
Cheddar blocks: up 2.5¢, to $1.6950/lb.
Cheddar barrels: up 6.25¢, to $1.7050/lb.
Grade A nonfat dry milk: unchanged, at $1.80/lb.
Extra Grade nonfat dry milk: unchanged, at $1.78/lb.
Class III milk: +2¢ to +41¢, September 2013 through August 2014. Based on current CME closing prices, the August-December 2013 average is $17.65/cwt., with an overall 2013 average of $17.69/cwt.; and the 2014 average is $16.66/cwt.
Corn, soybeans and meal futures sharply higher
Today’s futures prices at the Chicago Mercantile Exchange:
Corn: +22¢ to +30¢ through December 2014, settling in a range of $5.00-$5.26/bushel.
Soybeans: +14¢ to +62¢ through November 2014, with November 2013-2014 contracts settling in a range of $12.19-$13.89/bushel.
Soybean meal: +$1.90 to +$25.40/ton through September 2014. October 2013-October 2014 contracts settled in a range of $363-$438/ton.
Mark Stephenson (right), director of dairy policy analysis at the University of Wisconsin-Madison, is back from vacation and finds dairy market movements in unusual directions. Stocks have declined sharply, milk production up slightly resulting in a significant drop in cheese prices: What's going on? UW-Madison professor emeritus Bob Cropp explains, and back-pedals on last month's price projections. You can stream the 11-minute Podcast here.
• Cheese prices rally – Dave Kurzawski, FC Stone dairy analyst
• ’Ask the Silage Doctor’ about high moisture corn – Bob Charley, Lallemand Animal Nutrition
Today on Facebook
• Photo of the Day: Looks like parents Bryant and Holly Hlavaty have quite the little showman on their hands! Seen here is Ella Hlavaty, showing Ms Daisys Gold Dreamer, named Reserve Junior Champion at the Lebanon Co. Dairy Show! -Photo by Parker Welch #HolsteinWorldPOTD
• Check out the results from the Red and White Holstein Show and Black and White Holstein Show at the New York State Fair!
• The Holstein Foundation is auctioning off embryos donated by Sunshine Genetics in Bovine Bid's latest online sale. The auction ends Thursday so start your bidding now! See lots 46-56 in the catalog.
Coming Wednesday in DairyBusiness Weekly:
(Our digital-only magazine)
• Countdown to World Dairy Expo: It’s the cows
• Past World Dairy Expo Champions: Supremes for the decades
• A decade of Jr. Supremes
• All-American Show to host National Dairy Shrine banquet
• Southern forage options: Blackhawk arrowleaf clover
• Dairy growth: New York ‘DAP’ announced
• CWT export assistance moving dairy
• Red & Whites: National Convention
• A Supreme duo; Ayrshire calf giveaway revealed
• Check out our industry briefs, view our product spotlight, see what's happening on social media, listen to our podcasts and more!
USDA issues its August Ag Prices report on Friday, Aug. 30, which will include the latest milk-feed price ratio, as well as the feed cost adjuster to determine the July Milk Income Loss Contract (MILC) program payment. Current estimates put the July payment at less than 10¢/cwt.
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