February Midwest Market Updates

Profile Picture of Post's Author Erin Mosley | Posted February 24, 2023

February analysis of feed pricing for the Midwest region identified 5 feeds as value priced: corn distillers dry, corn silage, corn gluten feed, corn gluten meal, and alfalfa hay RFV 150. While tallow, whey, cottonseed, wheat straw, and beet pulp were identified as priced above market value. With February feed pricing changes we see ~$0.07/cow/day (or ~$0.001/lb DM) increase in the calculated nutrient cost from January to February. This is the fourth consecutive month to month increase since October. Additionally, January milk component pricing for butterfat was $2.77 vs $3.15 in December, protein was $2.81 vs $2.66 in December, and other solids was $0.23 vs $0.27 compared to December. With these component shifts, calculated month to month milk income was decreased (January ~$15.78/c/d (December ~$16.67) (Holsteins) or January ~$16.08/c/d (December ~$17.04) (Jerseys)).

PDF with more information: GPS Midwest 230202 Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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