December 2023 Midwest Market Updates

Profile Picture of Post's Author Erin Mosley | Posted December 18, 2023

December analysis of feed pricing for the Midwest region identified 5 feeds as value priced:  corn gluten meal, corn distillers dry, corn gluten feed, canola meal, and corn silage. Whey, alfalfa hay RFV 150, beet pulp, blood meal, wheat straw, and tallow were identified as priced above market value. Additionally, with December feed pricing changes, we see a ~$0.05/cow/day (or $0.001/lb DM) decrease in the calculated nutrient cost from November to December. Calculated nutrient cost continues gradual decrease from peak in March.

November component pricing for butterfat was $3.46 vs $3.71 in October, protein was $1.32 vs $1.05 in October, and other solids was $0.19 vs $0.12 compared to October. With these component shifts, calculated month to month milk income was slightly increased (November ~$14.01/c/d (October ~$13.78) (Holsteins) or November ~$14.60/c/d (October ~$14.50) (Jerseys)).

Click here for charts and a printable version of this blog post.

    Categories
    Latest Articles
    Archive