Sep 18, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin

Class I Utilization Dips Below 10% in Midwest

June 16, 2014
By: Jim Dickrell, Dairy Today Editor
 
 

Fluid milk Class I utilization dipped below 10% in the Upper Midwest in May, only the second time this has occurred. The May Class I utilization came in at 9.9%. Last June, it dipped as low as 9.45%.

Fluid sales have been falling steadily for at least the last five years. For example, May 2010 fluid sales were 358 million lb. This year, that number was just 301 million lb., a decline of 16%.

Total milk marketed in the Upper Midwest Federal Order was 3.039 billion lb. in May. That’s up 194 million lb. from a year ago, and may partially explain the lower Class I utilization percentage.

But the five-year average for total May milk is 2.968 billion lb. So May total milk production is up 71 million lb. over the five-year average, or 2.4%.

The good news is that the Upper Midwest producer price differential is still 43¢/cwt. That’s the highest it has been this year. The highest previous PPD in 2014 was paid in January--20¢/cwt.

See Comments

RELATED TOPICS: Dairy, Marketing, Milk

 
Log In or Sign Up to comment

COMMENTS

No comments have been posted



Name:

Comments:

Receive the latest news, information and commentary customized for you. Sign up to receive Beef Today's Cattle Drive today!. Interested in the latest prices for cattle in your area? See highlights of the latest for-sale cattle in the Cattle-Exchange eNewsletter.

 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions