Farmlytics
Farm prices are continuing to come under pressure across markets, the latest World Bank pink sheet data gives beef prices for August 18% down on August 2014, sheep meat prices down 21%, and soyabeans down 17%. Milk prices have also fallen again. The FAO Dairy Price Index for August was down by 9.1% on July – […]
Dairy farmers across the EU have hit the headlines in recent weeks with protests against falling farm gate milk prices. In the UK some farmers protested by leading cows into supermarket aisles to highlight the losses made per litre of milk produced, and the fact that the retail price of milk. is often lower than […]
New dairy data from the USDA shows the extent to which milk prices have fallen in the US and elsewhere in recent months, as increased production and higher stocks of processed products are putting pressure on prices. The farm gate price for class III milk (for cheese) in March was 33.3% down on March 2014, […]
The USDA has released its latest data on milk production costs. The average costs of producing a cwt of milk in the US in January 2015, was 6% down on December 2014, and 8% down on January 2014. The biggest drop was in the cost of purchased feed which was 16% down on December, and […]
April 2015 will mark the end of an era within EU milk production, after more than 30 years milk quotas will be abolished. The UK dairy sector has changed dramatically since the introduction of quotas, in 1984 there were 3.28 million dairy cows in the UK, with 50,625 dairy herds. In 2013 the herd has […]
The latest USDA livestock outlook report suggest that the US cattle herd is continuing to recover with cattle numbers up on this time last year, however the report suggests that this is likely to put pressure on cattle prices during the rest of 2015. Beef cow numbers are up by 2%, whilst heifers for beef […]
Press coverage of falling milk prices and the impact on the UK dairy sector is borne out by the latest statistics from DEFRA, (UK Food and Farming Brief Jan 2015) dairy farm incomes in England are expected to be 11% down for 2014/15, driven by the falling farm-gate milk prices. Higher milk commodity prices and […]
Latest dairy production figures for the US show that production in December 2014 was 3.2% up on December 2013, with cow numbers 1.3% up. Retail milk prices were 4.3% up; the bad news for farmers is that farm gate prices are 7.7% down.