For the second month in a row and the second time this year, the September Dairy Margin Coverage (DMC) margin triggered an indemnity. Announced earlier this week, the Sept. DMC margin was $8.62 per cwt. This is a 54 cents per cwt improvement over August but still well below the maximum $9.50 margin coverage. The…
According to milk futures prices as of the close of business on October 21, Class IV milk price is expected to remain higher than Class III prices the rest of this year and for all next year as well. At $21.82 and $24.88 per cwt, the October Class III and IV futures prices indicate that…
It’s that time of year again. Most of Pennsylvania, if not all of the state, has seen at least a light frost over the last week or two. I have mostly oak trees in my yard, and the leaves on these trees generally turn brown. With some yellow hickory leaves, and yellow, orange, and red…
The last time per capita dairy consumption was higher than 2021, Dwight Eisenhower was the president, and my Baby Boomer parents were not yet teenagers. Per capita consumption is defined as the annualized total dairy product consumption divided by the U.S. population. According to USDA data, per capita consumption was 672 pounds per person on…
Late last week, the USDA announced the August Dairy Margin Coverage (DMC) margin at $8.08 per cwt. This represents the third month in a row of margin deterioration and the first DMC margin of the year to drop below the maximum $9.50 per cwt margin coverage. The August margin fell $1.84 per cwt compared to…
At 1.48 billion pounds, cheese inventory was a record high for the month of August. This was 3.6% more than August 2021. July 2022 ending cheese stocks, at 1.52 billion pounds, were an all-time high. The drawdown of 38 billion pounds of inventory from the end of July to the end of August was the…
According to data gathered and reported by the Pennsylvania Department of Environmental Protection (PADEP) in the Energy Use, Energy Saving, and Energy Efficiency Policy Recommendations for Pennsylvania Agriculture report dated March 2020, there are 49,924 farms across the Commonwealth. Curious about energy use across the entire agriculture sector and eager to develop programs to help…
Agriculture-related jobs have long been considered dangerous occupations. The statistics collected by the U.S. Bureau of Labor Statistics (BLS) confirm this thought. In 2020, the latest data available, there were 45,900 nonfatal agriculture work-related injuries, ranking 11th highest out of the 18 occupation categories listed. However, looking at the rate of fatal incidents tells a…
Fluid milk has been the pride of the U.S. Dairy Industry for many decades. I would be willing to say that milk has been the pride of the human civilization for thousands of years. In Exodus 3-8, God promises to bring the Israelites “into a land good a spacious, a land flowing with milk and…
All life depends on water. Farmers know that better than anyone. Water issues become priority on a dairy farm regardless of the time of year. How many of us have had to fix a bursted water pipe while it is 15 degrees out? I know I have. It is not fun. Milk is over 87%…
