Marketing

Try the Livestock Gross Margin for Dairy program.

Introducing Minnesota in Numbers

Introducing a new Dairy Star column, Minnesota in Numbers, created with support from the Minnesota Milk Producers Association.
What do dairy exports mean for Minnesota?

Is Minnesota preparing for the brave new world where U.S. dairy sector may become a major global dairy player?
Minnesota dairy operators utilizing Livestock Gross Margin as a risk management tool

Livestock Gross Margin-Dairy (LGM-Dairy) is an insurance policy; watching the margin rather than the milk price, look at predicted margins between the anticipated value of milk producers and the feed costs to produce that milk.
It's the margin!

Producers need to think gross margin rather than milk price.
Milk marketing: Things to think about, Part I

What do I need for a milk price?
Milk marketing: Things to think about, Part II

What is a good price for the market?
Milk marketing: Things to think about, Part III

How do I implement my marketing plan?
Overprotecting price with put options

Used to set a minimum price for Class III milk.

A primer on put options

One put option represents 200,000 pounds of Class III milk.
$16.13 milk in September: How could that be?

Develop a plan for protecting your milk price.
For hedging, having the milk production to back up the contract is important

Understand the financial implications of being over-protected when hedging.
A positive outlook for marketing the dairy industry in the 21st century

Areas of focus will include environmental pressures, technological challenges, innovation and world markets.

Other marketing resources we recommend

Dairy market news portal – United States Department of Agriculture
Daily Dairy Report – Chicago Mercantile Exchange
Dairy Outlook – Pennsylvania State University
Understanding dairy markets – University of Wisconsin
Milk Income Loss Contract program – United States Department of Agriculture
Dairy risk management curriculum – National Program for Integrated Dairy Risk Management Education and Research
Federal milk marketing orders – United States Department of Agriculture
Dairy briefing room – United States Department of Agriculture