Tue, 30 Oct 2007 19:44:00 GMT
The Dairy Title to the 2007 Farm Bill looks very similar to the House version except (1) the payment rate of the MILC program is increased from 34% to 45%, (2) the allowable milk marketing under the MILC program is increased from2.4 mil. lbs. to 4.15 mil. lbs. from Oct. 1, 2008-Aug. 31, 2012 and (3) dairy product assessments are not applied to dairy product imports. A summary of the Dairy Title can be found
here. A complete copy of the Chairma Harkin’s markup of the complete bill can be found
here
Posted in News
Tue, 23 Oct 2007 11:52:00 GMT
The
Sept. butter stocks
declined by more than 18 mil. lbs from Aug. but are at the highest Sept. value since 1993.
Posted in Statistics
Mon, 22 Oct 2007 20:44:00 GMT
Sept. end-of-month
American cheese stocks
were 542.9 mil. lbs., a decrease of 2.7 mil. lbs. from Aug. American
cheese inventories typically decline more in September than any other
month. This could be the smallest decline in Sept. commercial American cheese inventories since 1987.
Posted in News
Mon, 22 Oct 2007 12:39:00 GMT
Milk production in the 23 major States during September totaled 13.7 billion pounds, up 3.1 percent from September 2006. August production, unrevised at
14.3 billion pounds, was up 3.6 percent from August 2006.
Production per cow in the 23 major States averaged 1,644 pounds for
September, 31 pounds above September 2006.
The number of milk cows on farms in the 23 major States was 8.34 million
head, 91,000 head more than September 2006, and 12,000 head more than August
2007.
Posted in News
Mon, 22 Oct 2007 12:35:00 GMT
The
November Class I mover is $21.45, a decrease of 14¢ from October but this still represents an increase of $9.05 from Nov. ‘06.
Posted in Dairy-Related Prices
Tue, 09 Oct 2007 18:08:00 GMT
On a voice vote, the Senate Finance committee
defeated a proposal to restrict the amount of milk protein concentrate that can enter the country without punitive tariffs.
Posted in News
Fri, 05 Oct 2007 20:28:00 GMT
A
stalled farm-bill debate
in Congress exposes a gap in the Democratic leadership: there is no single strongman to force deals upon three Senate committee chairmen who all want a hand in agriculture policy.
Posted in News
Fri, 05 Oct 2007 20:01:00 GMT
The
Sept. Class III
is $20.07 and increase of a whopping $7.78 from Sept. 2006. The
Sept. Class IV is $21.61, an increase of $10.51 from Sept. 2006.
Posted in Dairy-Related Prices
Thu, 04 Oct 2007 19:52:00 GMT
Total
Aug. cheese output was 795 mil. lbs.,
0.1 percent below August ‘06 and 0.1 percent below July ‘07.
Aug. butter prod. was 110 mil. lbs, 23.6% above August ‘06 but 4.9% below July ‘07.
NFDM production increased 40.7% over Aug. ‘06 compared to a 3.4% increase in
Dry Whey production and a drop of 14.0% for
WPC.
Posted in News
Tue, 02 Oct 2007 20:34:00 GMT
Dean Foods Co., the nation’s largest dairy producer, said Tuesday that record high milk prices are cutting into profits, and the company
plans to cut 600 to 700 jobs.
The company lowered its profit expectations for the third quarter and all of 2007. Dean expects to take a restructuring charge in the third quarter for the job cuts, but it didn’t provide a dollar figure.
Posted in News
