Fri, 11 Jan 2008 15:56:00 GMT
A Chinese delegation looking to spend $200 million on a dairy improvement project was in Madison on Wednesday looking for suppliers.
Wisconsin agricultural businesses met with representatives from Heilongjiang province in northern China who came to Madison to describe a World Bank project to modernize its dairy industry.
Fri, 11 Jan 2008 15:34:00 GMT
Dry whey futures dropped significantly on Thursday after USDA’s Dairy Market News reported a much weaker whey market. The April 2008 futures contract settled at $0.2925. In the Midwest, dry whey is trading in a range of mostly 31¢-43.25¢, down from 42-44.5¢ a week ago. The midpoint of the range is the lowest it’s been since Sept. 2006
Fri, 11 Jan 2008 15:31:00 GMT
According to the Jan. World Agricultural Supply and Demand Estimate (WASDE) report, for 2008, the Class III price forecast is unchanged from last month. Cheese prices are forecast fractionally higher as demand for cheese is expected to be firm. The Class IV price for 2008 is forecast lower. The price forecasts for butter and NDM are reduced as inventories of those products are large. The all milk price forecast for 2008 is lowered slightly to $17.90 to $18.70 per cwt. The 2007 all milk price is estimated at $19.15.
Mon, 07 Jan 2008 20:43:00 GMT
In reaction to the drop in cheese and butter prices today, the Class III futures market saw significant declines in near term futures contracts. Near limit reductions were observed for Jan and Feb. 08 contracts.
Mon, 07 Jan 2008 20:39:00 GMT
The CME spot butter price is now below $1.20 for the first time since late July 2006.
Mon, 07 Jan 2008 20:33:00 GMT
The CME spot price for blocks decreased 15.25¢ to $2.00 while barrels dropped 2¢ to $2.07.
Mon, 07 Jan 2008 16:00:00 GMT
Both the House of Representatives and Senate versions of the 2007 farm bill are now available in the publications section of this website. These are the versions that will be used by the Conference Committee.
Mon, 07 Jan 2008 13:42:00 GMT
In the Jan 4th weekly NASS product price report, data for the week ending Dec. 29th, indicated a $0.20 drop in average NFDM prices to $1.6440 from the level observed for the week ending on Dec. 22nd .
Fri, 04 Jan 2008 15:51:00 GMT
The announced Class III price for Dec. is $20.60. This represents a $1.38 increase over Nov.’s value and a $7.13 increase over Dec. 2006. The Class IV price represents a $1.22 drop from Nov’s value.
Wed, 02 Jan 2008 13:51:00 GMT
The Dec. All-Milk price is estimated at $21.70, down $0.20 from Nov. The corn price is estimated to be $3.88/bu., up 45¢ from November. Soybeans averaged $10.40/bu., up 99¢ and alfalfa hay averaged $136/ton, up $1.00.
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