Items Tagged with 'feed costs'
ARTICLES
Producers are feeling the pinch of rising input costs, even with cattle prices at near-record highs. What this might ultimately mean for smaller producers and size of the national cow herd is still unclear.
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USDA forecasts offer varied outlook for dairy’s financials
Lower cow numbers for the third quarter of 2024 were more than offset by higher milk output per cow.
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Managing costs on a smaller cattle operation
Smaller producers often simply accept as fact that their production costs are going to be higher than their larger counterparts. However, there are myriad ways for any herd to become more cost-effective and profitable.
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September DMC margin is record-shattering at $15.57
In September, milk prices climbed nearly $2 while feed costs went down a nickel to deliver a $15.57 per cwt margin. This is the seventh consecutive month where indemnity payments have not been triggered through the Dairy Margin Coverage program.
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August delivers with $13.72 DMC margin
Milk prices rally while feed costs fall in August to support a Dairy Margin Coverage program margin of $13.72 per cwt, the highest margin recorded since the program’s inception in the 2018 Farm Bill.
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September WASDE report projects third-highest production for corn on record
Based on conditions as of Sept. 1, corn yields are forecast at a record-high 183.6 bushels per acre, which is 0.5 bushels higher than last month’s projection and up 6.3 bushels from last year’s final estimate of 177.3 bushels.
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July DMC margin highest since May 2022
A continued downturn in feed costs contributed to a favorable income over feed cost for dairy producers last month. July’s Dairy Margin Coverage margin was $12.33 per cwt, the highest the program’s seen since May 2022.
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Rice-based feeds offer alternative options for cattle producers in the Rice Belt
Rice can be used as a way to provide nutritious feed to cattle while cutting costs and generating revenue from otherwise unusable products.
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August WASDE report projects a record-high soybean crop
Based on conditions as of Aug. 1, soybean yields are expected to average a record high of 53.2 bushels per acre, up 1.2 bushels from last month and up 2.6 bushels from 2023.
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June DMC margin is $11.66 per cwt, premiums due soon
A staggering drop in feed costs and a rising milk price in June supported a margin not seen since 2022 for the Dairy Margin Coverage program. With few indemnity payments issued, producers are reminded that premiums for 2024 coverage must be paid by September.
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