Find the next bump in your paycheck
Understanding a herd’s income over feed costs can help with the burnout of an unpredictable market and even provide a better payout.
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Articles Tagged with ''feed costs''
November DMC margin settles at $14.29
Dairy margins deteriorated some in November as milk prices fell and feed costs were mixed throughout the month, leading to a DMC margin of $14.29 per cwt.
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USDA projections highlight increased milk production
Milk production forecasts for 2024 are raised from last month on higher milk cow numbers.
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October DMC margin is $15.17
Margins deteriorated some in October as feed costs remained mixed, and milk prices dropped due to concerns of constrained production with a shortage of heifer replacements for the milking herd, resulting in a DMC margin 40 cents less than the previous month.
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Rebuilding the herd: Who is going to own them?
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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