Feed prices continue to pressure dairy margins in 2021.
Share on twitter
Share on facebook
Share on linkedin
Share on whatsapp
Share on email

Though we are seeing Class III milk gain nicely, the higher prices of corn and soybeans are pressuring profits for dairymen. May corn gained 1 ½ Monday to 5.47/bu with December finished at 4.81 ½. Soybeans set new highs overnight at 14.60/bu to settle just 3 ¾ cents higher at 14.33 ¾ with Soybean meal fall 1.70 to 418.30/ton.

Class III milk moved 5 cents higher in March at $16.35, April gained 11 cents to $17.75, May gained 13 cents to $18.27. Second half of 2021 was 10-15 cents higher and is averaging $18.24/cwt.

Class IV lost some steam. March was unchanged at $14.32, April fell 13 cents to $15.09, May fell 8 cents to $15.58/cwt. Balance of 2021 was unchanged to 4 cents lower. Averaging at $16.62/cwt.

The CME spot trade was a bit of a sleeper. Cheddar blocks and barrels held unchanged with no trades or offers with blocks at 1.73 ¼, barrels at 1.50 ¾. Butter gained a quarter of a cent to 1.69 ¼. Grade A Non Fat Dry Milk was unchanged at $1.17 ¾ and Dry whey was our biggest mover, gaining 1 ½ cents to $0.59 1/2/lb.

97 Milk’s slogans supporting whole milk are appearing ever farther afield from the group’s home base in southeastern Pennsylvania.

You may be interested in

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

To comment or reply you must 



Registre una cuenta
Detalhes Da Conta
Fuerza de contraseña