Commodity markets for grains and dairy reviewed

Did you miss the recent market update? Here are some resources to stay connected.

Farm producers that missed the live commodity market update meeting that took place June 23 from, 10 a.m. – noon can view the recorded sessions at the links provided below. Producers are looking for information on current and future pricing trends because the farm prices for several commodities are at a lower price. Some of which have not been seen at this level for several years. Taking time to review factors that are currently impacting prices and looking ahead at factors that may impact prices in the future was the focus of the discussion. The live session took place at the Sanilac County, Michigan State University Extension office at 171 N. Dawson, Sandusky, MI. A recording of this meeting is now available for farm producers and agribusiness individuals to watch at their convenience. For your convenience the meeting was divided into two recordings available for review. Commodity Marketing Specialist, Jim Hilker, Commodity Marketing Specialist of Michigan State University (MSU) provided the market update for grains. The second presenter was Chris Wolf, Dairy Marketing Specialist at MSU, who covered the dairy market update.

It is clear that most farm producers have seen better grain and dairy commodity prices in the past few years. Farms are now putting together their strategic plans to keep their farms in a positive economic position. For many farms, margins will be very tight as prices for most grains are at a breakeven position if a better than average yield is achieved.

The next scheduled Commodity Markets Update webinar will be Tuesday, August 25, starting at 10 a.m. EST. You may want to save the date as our August meeting will be held at a time that will give us a better idea of the size of the 2015 crop. For more information or to register to receive announcements for the next session you can contact me, District Senior Extension Farm Management Educator, MSU Extension at (989) 672-3870 or email .(JavaScript must be enabled to view this email address).

 

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