Farm and Dairy’s week in review: 4/25
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Butternut Squash Soup with Bacon
As things stand for now, what we have in terms of price and dairy profitability should remain pretty much the same.
A few days ago, I was flying home from Washington D.C., having spent two days in a long meeting of questionable productivity.
In all likelihood, expect a tough year for dairy production.
For all of 2015, Class III futures are currently averaging $16.51/cwt, which would put the average mailbox price in Federal Order 33 at about $18/cwt for the year.
Milk prices are still phenomenal and feed prices are far below what you were paying last year. So what am I fretting about?
Milk prices are good now, but get ready for a change.
The Class III price moved from $24.31 in April to $22.57 in May followed by $21.36 in June.
The opposition to genetically modified organisms (GMOs) is mounting another charge, this time through various state ballots designed to put into law the mandatory labeling of GMO-derived ingredients in food.
Dairymen, expect milk prices to more or less steadily drop, starting next month.
With current feed and milk prices, a black and white cow producing 22,000 pounds/year could net between $1,200 and $1,600.
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