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Senior Contributor

CME -March 2014 Milk class 3 Futures running 23$. cattle inventory

Old story most of us have. 1968 my family had a dispersal, we had an auction and liquidated our dairy herd and hay machinery. Milk was actually $8/CWT. We had limited pasture, hay crops and in our spot of PA a short growing season. Some neighbors grew corn for silage but no field corn for 75 miles/  We has some high grade registered breeding stock but not enough to say it  was a high-end breeding herd,. One registered Holstein, Brtta, was 11 yrs old and regularly produced 19-21k which for those days was a top-end cow. Our best. She sold for 800$. The avg was but 280$ for 2-12 yr old dairy cows.

Killed me 30 years later milk was 11-13. Had gasoline gone up, artificial breeding fees, Elevation Rag Apple. Could you buy a JD 630 for 2700$ new, 49 HP.

 

We had 20$ + a few times in the last 8 years, good to see 23. Too high corn and meal prices of ’11-’13 upped the cull cow slaughter rate abd discouraged heifer retention.

Though the USFA #s have not matched up that well, am I right?

But forget the USDA, 8$ corn, shhhmeal (Yiddish for soymeal)  over 500 was it HAD to kill off some herd.  BTW reminds me Inventory is out today!! I think. Semi was dropped, budget cuts.

Pritchard.  

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7 Replies
Veteran Advisor

Re: CME -March 2014 Milk class 3 Futures running 23$. cattle inventory

Well it had to happen. and right now the big price isn't encouraging expansion either. last few market reports have all commented on how the supply decline can be directly linked to the number of dispertions.

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Senior Contributor

Re: CME -March 2014 Milk class 3 Futures running 23$. cattle inventory

About a year ago I finally gave in to my wife's bitching and started buying organic milk. The last couple months the grocery has only had a few gallon jugs and more half gallon cartons. Is there a shortage of just not enough demand for the grocery to stock much. BTW she has even started buying regular.
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Veteran Advisor

Re: CME -March 2014 Milk class 3 Futures running 23$. cattle inventory

there are lots of things that may make your local condition from supply to demand. I know there are shortages in some areas. Aren't you from ohio? I think that ohios assault on livestock is going to end up meaning that your situation will be the norm.

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Veteran Advisor

Re: CME -March 2014 Milk class 3 Futures running 23$. cattle inventory

Oh Great a couple post on A.com and all of a sudden we start getting price drops! I am blaming it on the Spammers!

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Senior Advisor

Re: CME -March 2014 Milk class 3 Futures running 23$. cattle inventory

Good  to  hear  from U jr  - retail  beef  headed  who knows  where  and  hope  milk  hangs  in  there ---  

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Veteran Advisor

Re: CME -March 2014 Milk class 3 Futures running 23$. cattle inventory

And just like that April milk is under 20!

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Senior Advisor

Re: CME -March 2014 Milk class 3 Futures running 23$. cattle inventory

Seeing ground beef at $4  + is very unsettling making hoof to retail a questionable gap --- 

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