Farms.com Home   News

January 2015 Dairy Situation & Outlook

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


Trending Video

Secure Pork Supply Plan | Preparing for the Future | U.S. Pork Producers

Video: Secure Pork Supply Plan | Preparing for the Future | U.S. Pork Producers

Join Jill Brokaw, a third-generation pig farmer and staff member of the National Pork Board, as she dives into the vital role of the Secure Pork Supply (SPS) Plan in preparing the U.S. pork industry for potential foreign animal disease outbreaks. This video is an essential watch for pork producers who are looking to safeguard their operations against the threats of diseases like foot and mouth disease, classical swine fever, and African swine fever.

Why Should Pork Producers Care? An outbreak of foreign animal diseases in the U.S. could lead to severe restrictions and potentially result in industry-wide financial losses estimated between $15 to $100 billion. The SPS Plan is a collective effort to prevent such catastrophic outcomes by enhancing biosecurity, ensuring animal traceability, and promoting effective disease monitoring.

What You'll Learn:

The Importance of Preparedness: Understand why being proactive is crucial for maintaining business continuity during an outbreak. Enhanced Biosecurity Measures: Write a site-specific biosecurity plan that can serve as the first line of defense against potential outbreaks. Animal Disease Traceability: Learn about the significance of tracking animal movement and how acquiring a premises identification number (PIN) and using AgView can facilitate this process. Disease Monitoring: Find out how continuous observation and reporting can keep your herd healthy and disease-free.

Getting Started with SPS: The video breaks down the seemingly daunting task of preparing for a foreign animal disease outbreak into manageable steps. With free resources available at www.securepork.org, including templates and instructions, Jill guides producers on developing a customized plan to enhance their farm's defenses.

Expert Insights: Hear from Dr. Pam Zaabel on collaborating with your herd veterinarian to develop and implement your SPS plan effectively.

Takeaway: The Secure Pork Supply initiative is more than a plan; it's a commitment to the resilience of our food supply and the livelihoods within the pork industry. By embracing these proactive measures, we can collectively enhance our preparedness for foreign animal disease outbreaks.