January Milk-Feed Price Ratio Declines to 2.55
Thu, 31 Jan 2008 21:52:00 GMT
The Jan. 2008 Milk-Feed Price Ratio decreased to 2.55 from Dec. 2007’s value of 2.85. The Jan. 2007 value was 2.45.
Canadian Coop to Purchase 3 Wisconsin Cheese Plants
Thu, 31 Jan 2008 20:26:00 GMT
Trega Foods, a cheese company that was formed by combining three of Northeast Wisconsin’s oldest cheesemakers, is being sold to a Canadian dairy cooperative. The sale is expected to be finalized by the end of February and will include the company’s three cheese plants in Little Chute, Weyauwega and Luxemburg, company officials said Wednesday. For a more detailed story click here.
Alto Dairy May be Purchased by Saputo, Inc.
Tue, 29 Jan 2008 19:38:00 GMT
Alto Dairy announced today that it has entered into an agreement to sell its assets to Saputo Cheese USA Inc. for total consideration of $160 million. The transaction, which has been unanimously approved by Alto’s Board of Directors, is subject to the approval of the members of the Cooperative. A special meeting of the members will be held in Fond du Lac, Wisconsin on Wednesday, February 27, 2008. Click here for the full news release. For a more complete article, click here.
23-State Dec. Milk Production was 3.1% higher than Dec. 2006
Sat, 19 Jan 2008 13:59:00 GMT
Dec. Milk production in the 23 major States was 14.4 bil. pounds, up 3.1% from Dec. 2006. November revised production, at 13.8 bil. lbs., was up 3.9% from Nov. 2006. Prod. per cow averaged 1,719 lbs., 29 lbs. above Dec. 2006. The number of milk cows on farms in the 23 major States was 8.38 mil. head, 107,000 more than Dec.r 2006, and 14,000 head more than Nov. 2007.
Prof. Cropp's Jan. 2008 Outlook Available
Fri, 18 Jan 2008 20:43:00 GMT
Prof. Bob Cropp’s January Dairy Situation and Outlook report is available.
Feb. Advanced Class I Price is $19.68
Fri, 18 Jan 2008 14:53:00 GMT
The Advanced Feb. Class I price is $19.68. This represents a $1.29 decrease from the January level but a $7.58 increase over the value obtained in Feb. 2007.
CME Changing Website as of Monday, 1/21/08
Thu, 17 Jan 2008 18:40:00 GMT
The CME announced today that as of Monday, the old URL for the CME website will no longer work. The new website will be found at www.cmegroup.com . Old bookmarks will no longer work.
CME Blocks Fall Below $1.80.
Thu, 17 Jan 2008 00:19:00 GMT
For the first time since May,
blocks fell below $1.80 to $1.7525 on 1 trade and 1 uncovered offer.
Barrels fell to $1.82.
Corn Futures Increased to a 12-Year High Monday
Tue, 15 Jan 2008 16:58:00 GMT
Corn futures surged to a 12-year high Monday on expectations that world supplies will shrink rapidly amid growing demand for the grain to feed livestock and make alternative fuel.
Other commodities traded mostly higher, with gold and platinum touching record highs and crude oil also making gains.
Investors snapped up corn contracts for a second straight session after the U.S. Department of Agriculture released a bullish report Friday projecting a steep drop in U.S. corn ending stocks. The USDA lowered its ending stocks forecast for 2007-08 to 1.438 billion bushels, down sharply from 1.797 billion.
Kraft Creating an rBst-Free Cheese Line
Tue, 15 Jan 2008 16:49:00 GMT
Kraft Foods Inc. plans to offer cheese free of a controversial growth hormone, a strategic move that pressures competitors to follow.
Northfield-based Kraft says it will start selling a line of cheese made with milk from cows free of rBST by June. Some consumer groups, citing scientific studies, say the production-boosting hormone can cause cancer, despite assurances from U.S. food regulators that it is safe.
Kraft aims to capitalize on consumer worries about food safety with a specialty product that will fetch a higher price than its mass-market cheeses. The new cheese reflects CEO Irene Rosenfeld’s plan to rekindle growth with premium brands.
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