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Yogurt Dairy Refrigerator-2722678 by Albany Colley. Pixabay.com. CC0
Dairy Outlook: October 2018 - Articles Articles

Dairy Outlook: October 2018

Robert C. Goodling, Jr., David L. Swartz, Claudia Schmidt, Ph.D., Timothy Beck, Virginia A. Ishler

Current dairy markets are hinting at potential gradual increase in milk price into 2019. Global trade volatility continues to hinder widespread optimism. More
milk-spilt-white-glass-spill-1543193 by ponce_photography. Pixabay.com CC0
Dairy Outlook: September 2018 - Articles Articles

Dairy Outlook: September 2018

Robert C. Goodling, Jr., David L. Swartz, Claudia Schmidt, Ph.D., Virginia A. Ishler, Timothy Beck

Milk prices remain on the low side of a four-year modest price range. Monitoring a producer's individual price regularly is vital to see trends and potential opportunities at the farm level. More
Telephone-telegraph-pole-wire-1822040 by aitoff. Pixabay.com. cc0
Dairy Outlook: June 2018 - Articles Articles

Dairy Outlook: June 2018

David L. Swartz, Robert C. Goodling, Jr., Timothy Beck, Virginia A. Ishler

Milk price continued slow climb, but milk margins remain tight. Current tumultuous environment in global trade may limit long term progress. More
David Swartz, Penn State
Dairy Outlook: May 2018 - Articles Articles

Dairy Outlook: May 2018

David L. Swartz, Robert C. Goodling, Jr., Timothy Beck, Virginia A. Ishler

Long term survival of a dairy operation will hinge on management’s ability to find ways to push the cost of production below $17.50/cwt while maintaining some level of reinvestment in the operation. More
"duck-2166056" alexas_fotos, pixabay.com CC0
Dairy Outlook: April 2018 - Articles Articles

Dairy Outlook: April 2018

Robert C. Goodling, Jr., David L. Swartz, Timothy Beck, Virginia A. Ishler

Pennsylvania dairy cash flows continue to be upside down as income over feed cost and milk margins shrink and are below breakeven levels. More
Credit Squeeze by Stevepb on pixabay.com cc0
Dairy Outlook: March 2018 - Articles Articles

Dairy Outlook: March 2018

David L. Swartz, Robert C. Goodling, Jr., Virginia A. Ishler, Timothy Beck

With cow numbers steady, increasing domestic milk production, robust inventory of dairy products, and other factors, there are no market signals to indicate strength for future milk prices. More
Roller Coaster by dlohner on pixabay.com cc0
Dairy Outlook: February 2018 - Articles Articles

Dairy Outlook: February 2018

David L. Swartz, Robert C. Goodling, Jr., Timothy Beck, Virginia A. Ishler

All milk price for December 2017 showed the anticipated drop from the previous month. Feed price were steady, created a slightly smaller Income over Feed Cost opportunity. More
"Glass-milk-white-cows-milk" by Pezibear on pixabay.com CC0
Dairy Outlook: January 2018 - Articles Articles

Dairy Outlook: January 2018

David L. Swartz, Robert C. Goodling, Jr., Virginia A. Ishler, Timothy Beck

Current predicted Class III price for the first 11 months of 2018 is averaging $14.57/cwt. To face the year with optimism is to be sure dairy producers really understand their cost of production. More
R. Goodling Penn State
Dairy Outlook: December 2017 - Articles Articles

Dairy Outlook: December 2017

David L. Swartz, Robert C. Goodling, Jr., Timothy Beck, Virginia A. Ishler

The milk price forecast for 2018 is starting to solidify, and good news is hard to find. U.S. milk production growth has slowed, but global supply is still hampering future price increases. More
"Open road stormy sky" Desertrose7, pixabay.com CC0
Dairy Outlook: November 2017 - Articles Articles

Dairy Outlook: November 2017

David L. Swartz, Robert C. Goodling, Jr., Timothy Beck, Virginia A. Ishler

Markets continue to move sideways with little prospect for forecast price improvement. None of the factors that are well known give much optimism for price improvement More
Robert Goodling, Penn State
Dairy Outlook: October 2017 - Articles Articles

Dairy Outlook: October 2017

David L. Swartz, Robert C. Goodling, Jr., Timothy Beck, Virginia A. Ishler

October dairy outlook: little potential for increases in milk price; feed prices trending downward; harvests provide breathing room to milk margin/IOFC for Pennsylvania producers. More
Photo credit: Heather Weeks
Financial Troubleshooting for your Dairy Business - Articles Articles
Five steps to monitoring the financial health of a dairy business. More
Dairy Risk-Management Education: Managing Income Over Feed Costs
Dairy Risk-Management Education: Managing Income Over Feed Costs - Articles Articles
To remain profitable, producers should be monitoring and making decisions based on their herd's "income over feed costs" (IOFC). More
Malting Barley in Pennsylvania
Malting Barley in Pennsylvania - Articles Articles

Malting Barley in Pennsylvania

Alyssa Collins, Ph.D., Austin Kirt, Gregory W. Roth, Ph.D.

Demand for locally sourced malted barley, for local craft beer, has led to the development of malt houses in PA and other states in our region. More
Using a TMR Mixing Sheet to Control Rations and Determine Feed Costs
Using a TMR Mixing Sheet to Control Rations and Determine Feed Costs - Articles Articles
Instructions for using the TMR Mix Sheet spreadsheet to accurately mix total mixed rations. More
Where’s the Variation in Dairy Breakeven Costs?
Where’s the Variation in Dairy Breakeven Costs? - Articles Articles
An examination of 2015 cash flows for 107 Pennsylvania farms showed that breakeven cost ranged from less than $16/cwt to over $22/cwt. More
Cash Flow Planning
Cash Flow Planning - Articles Articles

Cash Flow Planning

Virginia A. Ishler, Timothy Beck, Robert C. Goodling, Jr.

Keys to managing your operation for dairy profitability. More
Financing a Dairy Farm Modernization: What Your Banker Wants to Know
Financing a Dairy Farm Modernization: What Your Banker Wants to Know - Articles Articles
For major renovations or expansions, a lender will want a comprehensive financial plan that proves the farm’s past profitability and justifies the expansion for further profits down the road. More
Trading Corn Silage Guide
Trading Corn Silage Guide - Articles Articles
Traditionally farmers traded corn as dry shelled or dry ear and priced it by the bushel – 56 or 70 pounds. This is simple when the commodities are in these stable and uniform forms. More