January 2015 Dairy Situation & Outlook

Jan 27, 2015

Professor Bob Cropp’s January 2015 Dairy Situation & Outlook full report is available for download from UW Understanding Dairy Markets. The following is a portion of that report:

Dairy exports for the year will likely be lower than 2014. World dairy product prices appear to have bottomed out with recent Global Dairy Trade showing some strength in prices. Milk prices are also much lower in the major exporting countries—New Zealand, Australia and the EU-28. New Zealand is also experiencing dry weather, which if it persists, will reduce their milk production in the months ahead. So the increase in world milk production will not be as high as it was in 2014. As accumulated dairy stocks are worked down, dairy imports are expected to pick up the last half of the year, particularly in China, but at a more modest pace.

In summary, as the growth in milk production slows and dairy exports improve for the last half of the year, we can expect milk prices to improve. But, unless milk production slows more than now anticipated and/or dairy exports improve more than anticipated, milk prices will average much lower than 2014.

Source:uwex.edu

Video: Early Fall Colors | Scenic Ontario Road Trip!

All adventures must come to an end, but not without one more journey! Join The Wandering Shepherds as we say farewell to our cozy Calabogie cottage and take the scenic road trip home to Ewetopia Farms. Our first stop was a breathtaking hydroelectric generating station, framed by cliffs, rushing water, and brilliant fall leaves that seemed to have changed overnight. From there, we meandered along winding backroads through lakes and hills, soaking in the spectacular autumn scenery. This year, the colors seemed to arrive earlier than usual—perhaps due to the summer’s drought? Whatever the reason, it was an unforgettable display of Ontario’s fall beauty. Finally, our holiday drew to a close as we pulled back into Ewetopia Farms, ready to return to the sheep and our daily vlogs. But this trip reminded us how important it is to pause, explore, and appreciate the simple beauty around us.