![group of heifers](https://cms-static.wehaacdn.com/hoards-com/images/150209_ph5.4647.jpg)
That $1,990 value was off 6.1 percent from October 2014's $2,120, which was $100 over the peak of the previous boom in 2007. Even though the price was down, the $1,990 figure remains 37 percent higher from last January's $1,440 per head.
Among the leading dairy states, California experienced the largest downturn in replacement values, falling by $400 per head from October 2014's $2,200. That $1,800 figure was the lowest in the country. Meanwhile, Wisconsin held rather steady, only slipping $60 to $2,160 per head. That price was the third highest in the U.S. with Michigan on top at $2,200 followed closely by Florida at $2,170.
Those states that saw upticks in prices (when compared to October 2014) were Illinois, Indiana, Michigan and Ohio. Meanwhile, Kansas, Pennsylvania and Texas held their own.
Strong replacement values put a damper on female dairy exports. In 2014, only 33,000 head were exported which represented a 50 percent reduction from the prior year's shipment of 67,000 heifers.
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(c) Hoard's Dairyman Intel 2015
February 9, 2015