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Dairies: Cost of Production More Important Than Milk Prices

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Profiting from efficient milk production
via dairyco.org.uk
According to the DairyCo (UK) Milkbench+ report, the relationship between cost of production and profit is much stronger than many dairies realize. The report states that cost of production is the most significant factor in determining profit.
Milkbench+ analyst Karolina Klaskova says: “Through robust data and statistical analysis we see that the relationship between cost of production and margin is strong.” Ms Klaskova acknowledges that the findings are challenging. “The report raises many issues, including just how difficult it can be to make a profit from milk production,” she says.

How Will Farms Be Impacted By US EPA Rule?

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Spill Prevention, Control, and Countermeasure
via EPA.gov

The US EPA Spill Prevention, Control and Countermeasure rule was developed because of the Deepwater Horizon oil spill in 2010. This new ruling applies facilities that have a total capacity to contain over 1320 gallons of oil, including gasoline, crop oil, vegetable oil, or animal fat. Fat can be an element for many feed mills, even fat in 55 gallon drums, and many farm operations can have gasoline or diesel fuel in sufficient quantity to apply. Facilities must have a plan in place to prevent the spill entering waterways. The plan does not have to be submitted to the EPA, but must be in place upon inspection.

DairyCast 0401 - What is the Dairy CWT Export Assistance Program?

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DairyCast Update for December 3, 2010, What Does The Year End Economic Review Show?

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Truffle Media Networks focuses on bringing usable media to agri-business professionals in dairy.

How can you connect with those professionals? Truffle Media Networks offers a channel that reaches producers, farm operation management, large animal veterinarians, production staff, and researchers. Learn more about how to make those connections.

Dairies Are Not Riding Agricultural Profit Wave

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via bloomberg.com

While other agricultural products are doing well for growers, U.S. dairy farmers are not doing as well. Feed prices combined with an over supply of milk products are pushing prices and profits down.

Dairy farmers expanded herds following the 70 percent jump in prices to a record in 2007, just before the U.S. began its longest recession since before World War II and unemployment rose to the highest level in a quarter century. Weaker demand was compounded by this year’s drought, floods or freezing weather from Canada to Kazakhstan that ruined crops and boosted competition for U.S. grain that dairies require.

It is anticipated that there will be some dairy operations that will fail in the coming months. It is also believed that the next year will continue to be rough on dairy producers because of continued market pressures from animal feed corn.

Corn futures have risen 48 percent since the end of June, the biggest gain in the Thomson Reuters/Jefferies CRB Index of 19 raw materials after sugar. The U.S. Department of Agriculture cut its estimate for the crop on Nov. 9 for a third straight month because of flooding in Iowa and Missouri and hot, dry weather from Illinois to Ohio.

DairyCast 0349 - What is in store for the corn & soybean markets this growing season?

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  • Kansas State grain market economist, Dan O'Brien, looks ahead to the USDA's March 31st planting intentions report and the impact of this growing season on feed prices.

DairyCast 0273 - Expectations on the grain markets by Patrick Westhoff

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Download mp3DairyCast 0273 Show Notes:

  • Patrick Westhoff, Co-Director of the Food and Agricultural Policy Research Institute, provides his thoughts on what to expect in the grain markets
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