By Dennis Stein
Commodity markets have adjusted to levels that require farms to monitor closely for the sometimes short rallies that provide pricing opportunities. Gone for now are the commodity prices that everyone found profitable in the crops or livestock that they produced. With many of the production costs increasing over the past several years, farms will need to manage carefully to maintain reasonable profits. One enterprise that is under real market pressure would be the dairy- milking herd. As 2015 prices have squeezed out profits for many farms.
Looking ahead to 2016, milk prices are steady at best, putting dairy farms in the situation of dealing with back to back tight milk price years. Corn, soybean and wheat producers are seeing a small rally. The big question now is, will these prices hold, rise or fall even lower as the harvest of corn and soybeans kick into full swing across the country?
If you are interested in taking part in the live or webinar commodity marketing update on Tuesday Oct. 27, we would request that you consider registering today. Registered participants will receive an email reminder notice and then following the live broadcast they will be provided a link to allow them to view a recording of the meeting, providing you the flexibility to take in the webinar 24/7, whenever it best fits their schedule. If participants are interested in taking a part of the live session the group will meet at the MSU Extension office in Sandusky, 171 Dawson St, starting at 10 a.m.
To register visit Michigan State University Extension events registration webpage by 5 p.m. on October 26.
Agenda:
10 a.m. to 10:45 a.m., Jim Hilker, commodity marketing specialist at Michigan State University, will cover the grains market update.
10:45 a.m. to noon, Chris Wolf, dairy specialist at Michigan State University, will cover the dairy market update.
The meeting will be wrapped up by me, MSU Extension farm business management educator, I will cover current topics related to farms located in the Saginaw Valley area of Michigan.
Source:msu.edu