Host Peggy Coffeen dives into the current landscape of dairy markets with Curtis Bosma from HighGround Dairy
Peggy Coffeen discusses dairy markets with Curtis Bosma from HighGround Dairy. (Courtesy photo)
ONLINE — In this episode of the Uplevel Dairy Podcast, host Peggy Coffeen dives into the current landscape of dairy markets with Curtis Bosma from HighGround Dairy. The episode starts by giving listeners an overview of recent trends in dairy futures, including notable gains in Class III and Class IV prices and the implications for dairy producers. Curtis shares insights on the influence of managed money in the commodity markets and what this indicates about future market movements.
Throughout the episode, Curtis discusses the critical impact of diseases such as the Blue Tongue virus in Europe and the H5N1 avian influenza in California. He highlights how these events affect global and local dairy production and what dairy farmers need to watch for regarding their milk supply and pricing. Curtis also offers advice on how dairy producers can navigate these tumultuous times by leveraging risk management strategies.
The episode wraps up with an in-depth conversation about valuing corn silage, especially during the current harvest season. Curtis breaks down the various factors that should be considered, from managing shrinkage to understanding the financial implications of either growing or purchasing corn silage. This timely discussion is aimed at helping dairy farmers make informed decisions about their feed strategy to ensure financial stability and operational efficiency.
Curtis from High Ground Dairy joins Peggy for the August market update, focusing on the latest trends and shifts in grain and dairy markets. Key updates include the WASDE report’s impact on corn and soybean projections, tight milk supplies driving up cheese prices, and the continued orderly rally in butter. Curtis also discusses insights on risk management, margin optimization, and how dairy producers can remain resilient amidst market volatility. Alex’s detailed resources on federal milk marketing orders are highlighted, offering valuable tools for producers to navigate complex market dynamics.
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This episode is brought to you by HighGround Dairy
HighGround Dairy provides global dairy market intelligence, insurance services, futures & options brokerage, and advisory programs to a diverse range of dairy market participants throughout the supply chain.
Learn more at https://highgrounddairy.com/ or email them at [email protected]
Episode Links
Listen to this episode on Apple Podcasts, Spotify, and Amazon Music.
Watch this episode on the Uplevel Dairy YouTube channel.
Information shared in this podcast is for educational purposes and is not a solicitation to buy or sell commodities. Opinions expressed are current opinions as of September 18, 2024 at 10 a.m. CST and only represent the views of the speaker and not those of HighGround Trading, unless otherwise expressly noted.
The Uplevel Dairy Podcast hosted by Peggy Coffeen is the podcast for dairy owners and managers looking to take their business, management and leadership to the next level. Learn from other dairy managers and hear from industry experts on employee management, finance, family business and more.
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