Dairy Week In Review

USDA released its Ag Prices report, showing that the All-Milk price increased $1.30 from last month to $19.70 per hundredweight in October, the highest price so far in 2021 but still 30 cents  lower than October 2020. Corn prices fell 43 cents from September to $5.02 per bushel, still $1.41 higher than a year ago. Soybean meal prices were announced at $325.43 per ton, down $18.12  from a month ago. Blended alfalfa hay prices were up $3.50 from last month to $230 per ton in October, up $44 from a year ago. Based on these prices, the October Dairy Margin Coverage is  estimated to be $8.77 per hundredweight, up $1.84 from September and the highest margin so far this year, but still below the $9.50 threshold for the highest coverage level in the program. Read More