CME Barrel Prices Follow Yesterday's Block Price Decline
Fri, 30 Nov 2007 18:30:00 GMT
The CME Barrel price decreased $0.11 today to close at $2.017 following yesterday’s crash of the CME Block market.
Spreadsheet Model Created Showing Impacts of New California 4b Pricing
Fri, 30 Nov 2007 15:06:00 GMT
A new spreadsheet model has been added to the website’s collection of software that shows the impacts of California’s recent changes to the 4b pricing formulas. Simulated values over the 2005-2007 period are used to show these impacts.
November Class III Increases to $19.22 .
Fri, 30 Nov 2007 14:43:00 GMT
The Nov. Class III is $19.22. This represents a $0.52 increase from Oct. and a $6.38 increase from Nov. 2006.
Large Drop in CME Block Price Today
Thu, 29 Nov 2007 20:50:00 GMT
The CME Block price decreased $0.1925 today from $2.025 to $2.0100 .
Leahy Doubtful on Farm Bill Passage
Mon, 26 Nov 2007 16:27:00 GMT
Sen. Patrick Leahy, D-Vt., said Friday it is unlikely the stalled $288 billion Farm Bill is passed before the end of the year, throwing into question an upgrade of a safety net program for dairy farmers and money to clean up Lake Champlain.
“Not good,” Leahy said when asked about the bill’s short-term prospects. “It’s more likely we’ll pass a continuing resolution extending the life of the current Farm Bill and then work to pass a new bill in January, if cooler heads prevail.”
The December Advanced Class I Mover is $20.04.
Fri, 23 Nov 2007 19:01:00 GMT
The December Class I mover is $20.04 which represents a $1.41 decrease from the November value but a $7.61 increase from Dec. 2006 .
Release Dates for 2008 FMMO Pricing Available
Fri, 23 Nov 2007 18:41:00 GMT
Click here to obtain a copy of the schedule for the 2008 FMMO-related prices.
Commercial Butter Stocks Declined at a Record Pace in October
Fri, 23 Nov 2007 13:46:00 GMT
October commercial butter stocks decreased 44.9 mil. lbs., the most ever for October. At the end of the month, commercial butter stocks were estimated by USDA to be 195.3 mil. lbs. The large reduction is being attributed to strong export demand and domestic sales.
Commercial American Cheese Stocks are the Lowest Since 2003.
Fri, 23 Nov 2007 13:42:00 GMT
At the end of October, commercial American cheese stocks were were 519.3 million lbs., down 16.2 million lbs. from September.
California Modifies the 4a and 4b Pricing Formulas
Wed, 21 Nov 2007 21:41:00 GMT
The California Department of Food and Agriculture revised its formulas for California’s 4a and 4b prices. In addition to higher make allowances for cheese and NFDM, the department changed the method used to determine the whey value. To view a detailed description of the changes click here. The formula changes are scheduled to go into effect starting with the December prices.
