April F. White, Graduate Student, Department of Animal Sciences, The Ohio State University
In the last issue, the Class III futures for November and December were at $23.10 and $16.09/cwt, respectively. Class III closed at $17.08/cwt in December, with protein at $3.03/lb and milk fat at $1.59/lb. Protein is ~$2 lower than in the previous issue. The Class III future for January is ~$1/cwt lower than December at $16.12/cwt, followed by a further decrease to $15.56/cwt in February.
Dianne Shoemaker, Dairy Farm Management Specialist, Ohio State University Extension
The first half of 2019 was miserable, but as cow numbers finally trended down, milk prices gained strength with Class III increasing steadily from $13.96/cwt in January to $19.37/cwt in December. The industry looked forward to 2020 and a long-awaited opportunity to rebuild cash reserves.
David L. Marrison, Extension Educator, Agriculture and Natural Resources, Coshocton County, Ohio State University Extension
As we each traverse through our lives, we all are presented with moments that make us pause and reflect on how precious the time is we have been given here on earth. This past year has been filled with such moments for many.
Ben Brown, Farm Management Specialist, Department of Agricultural, Environmental, and Development Economics; Dianne Shoemaker, Dairy Farm Management Specialist, OSU Extension; and Chris Zoller, Extension Educator, Tuscarawas County, OSU Extension
Garth Ruff, Beef Field Specialist, Ohio State University Extension
Dairy producers over the past few years have faced a variety of challenges: low milk prices, increased feed costs, and often a surplus of heifers to enter the herd. In an effort to manage heifer numbers and add value to bull calves, breeding dairy cows to beef sires has become a more popular and common practice than ever before.