Milk Prices Climb Almost $1/cwt in Southeast

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Production per cow for July averaged 1,969 pounds. The number of milk cows was 8.73 million head, down 1,000 head from June 2017. June production was revised up 0.1% to 16.9 billion pounds. For milk production in the top 5 producing states, California was down 0.2% from July a year ago; Wisconsin up 0.7%; Idaho down 0.2%; New York down 0.1%; and Texas up 14.8%. Other states with large production increases were Utah (9.6%), New Mexico (8.4%), Colorado (6.8%), Arizona (6.3%), and Kansas (4.0%). The states reporting a large decline in production compared to July 2016 were Oregon (-3.1%), Washington (-2.1%), and Virginia (-1.4%).

Milk Price and Utilization: The Southeast Uniform milk price for July was $19.64, up $0.94 from June and $2.44 higher than July 2016. The Appalachian Uniform milk price was $19.35, up $0.98 from June and $2.55 higher than July 2016. July’s Class III price was $15.45, down $0.99 from June, and $0.21 higher than July a year ago. The Class IV price was up $0.71 from June to $16.60, and $1.76 higher than July 2016. The Class I Mover price for September is $16.71, down $0.01 from August. The milk/feed ratio for July was 2.29, 0.02 lower than June.

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Southeast Class I utilization was 67.51%, up 1.26% from June, and 1.19% lower than July a year ago. The Uniform butterfat price was $2.8681, up 29.21 cents from last month and 34.89 cents higher than July 2016. The July Class I price was $20.39. August Class I price is $20.52. Appalachian Class I utilization was 65.92%, up 2.36% from June, and 1.92% lower than July a year ago. The Uniform butterfat price was $2.8735, up 28.52 cents from last month and 34.93 cents higher than July 2016. The July Class I price was $19.99.

Cheese Production and Stocks: Total cheese production in June was 1.03 billion pounds, up 3.2% from a year ago while butter production was down 4.8% to 141 million pounds. Nonfat dry milk (NDM) production was up 11.6% compared to a year ago with total production at 164 million pounds while skim milk powder (SMP) production was down 28.4% to 40.0 million pounds compared to a year ago. Total cheese stocks at the end of July were up 8% from July a year ago and up 4% from the previous month while butter stocks were down 1% from last month and down 8% from a year ago.

Springer Prices and Cow Slaughter: At Smiths Grove, Kentucky on August 22, supreme springers were not tested while US approved springers were $1,250 to $1,400, down $13 compared to a month ago. Dairy cow slaughter in July was 225,800 head, down 10,900 head from June and 12,500 more than July 2016.

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Source: Dairy Herd

Link: http://www.dairyherd.com/news/markets/milk-prices-climb-almost-1cwt-southeast

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