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Northwest Iowa Dairy Outlooks

A local discussion of current science and issues concerning dairying in northwest iowa

The Economic Research Service farm income and finance program measures, forecasts, and explains indicators of economic performance for the U.S. farm sector and farm businesses by resource region and commodity specialization.Their report last week saw stable receipts most most segments of the industry, with milk showing major improvements nationwide.

Overall, animal/animal product cash receipts are expected to remain stable in 2017, rising $53 million (0.03 percent) in 2017. Relative to 2016, annual price changes are mixed as to direction in 2017, with increases expected for milk and eggs, declines expected for red meats and turkeys, and stable prices for broilers and farm chickens.

Milk receipts are expected to increase $4.7 billion (13.7 percent) in 2017 from 2016, reflecting expected increases in both the price and quantity sold. Cash receipts from cattle and calves are expected to decline in 2017, falling $4.5 billion (6.7 percent) from 2016 as cattle/calf prices decline. Hog prices are expected to drop in 2017, leading to a forecast drop in hog cash receipts of 4.7 percent.

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