Protecting Your Profits
The Center for Dairy Excellence offers several information resources to help producers identify opportunities to protect their profits. These documents are reviewed on a monthly “Protecting Your Profits” conference call. Click here to access the latest “Protecting Your Profits” Webinar.
Pennsylvania Dairy Industry Scorecard: The Center for Dairy Excellence publishes a monthly “PA Dairy Industry Performance Scorecard,” which looks at key factors supporting the growth of Pennsylvania’s dairy industry and evaluates trends affecting Pennsylvania’s dairy farms.
- The national dairy herd is 0.75 percent smaller than a year ago, down to 9.333 million.
- The Pennsylvania dairy herd is 5.7 percent less than last May.The Pennsylvania herd fell from 523,000 cows to 493,000 in the past year.
- Pennsylvania’s milking herd averaged 66.7 pounds per cow per day, down from 67.6 last May.
- National production per cow is 75.7 pounds per day for milking cows,0.45 percent more than last May. Total U.S. milk production in May was 19.1 billion pounds, 0.31 percent below last year.
- May Pennsylvania milk production fell 7.0 percent from last May to 887 million pounds, representing 4.7 percent of national production
- PA’s DHIA herd average fell to 21,194 pounds of milk with 1530 pounds of components. This is a 2.1 percent decrease in milk production and a 2.3 percent drop in components compared to last May.
- The May milk margin at 75 pounds of milk was $12.08 per hundredweight, $1.37 higher than last year.
- Somatic Cell counts of 192,280 are lower than May 2018 by 2.2 percent, and is the lowest May in at least the last 5 years.
- The average days in milk on the typical Pennsylvania dairy was 183 days, up from 181 last year.
- Pregnancy rates declined slightly to 21.4 percent from 21.7 percent last May. 21 percent of PA DHIA herds have a pregnancy rate greater than 29%, a decline of 2.5 percent versus May 2018.
- Average calving age is now 25 months, about 15 days shorter than three years ago.
- DHIA cull rates are 39.2 percent, 4 percent higher than year ago values.
US Dairy Industry Scorecard: To provide an overview the national dairy industry, with consumption, marketing and production trends, the center publishes the monthly “US Dairy Industry Performance” scorecard.
- The April All Milk Price was $17.70 per hundredweight, 12.03 percent better than April 2018.
- May butter stocks were down 7.24 over May 2018
- May cheese stocks were virtually equal to May 2018
- April powder stocks were up 0.72 percent compared to April 2018 but the rolling 12 month average is down 2.75 percent
- DMC Enrollment started June 17, 2019 and will continue through September 20, 2019
- The USDA made a last minute change to the DMC margin feed cost calculation prior to the enrollment start date. The new feed cost calculation includes a 50/50 price blend of premium and superior alfalfa hay instead of just the cheaper premium grade.
- January through April margins were recalculated and are $7.71, $7.91, $8.66 and $8.82 respectively. This is an average drop in the margin of 23 cents per hundredweight for these four months.
- May dairy cow slaughter was 5.30 percent above last year. The rolling twelve month average of dairy cows slaughtered is 5.17 percent.
- CME butter prices are 1.26 percent lower than last May.
- Federal order Cheddar Cheese prices are 0.46 percent below last May.
- U.S. dairy export value in May was 5.52 percent lower than May 2018 at over $491 million.
Zach Myers, the center’s risk education manager, reviews both of these scorecards monthly during his “Protecting Your Profits” calls. The calls are held the last Wednesday of every month. Click here to access a recording of the latest call.