Mon, 30 Jun 2008 20:05:00 GMT
Despite the recent flooding in the Midwest, U.S. farmers expect to harvest nearly 79 million acres of corn and more than 72 million acres of soybeans in 2008, according to the
Acreage report
released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS).
The report shows U.S. farmers planted 87.3 million acres of corn in 2008, down 7 percent from last year’s 93.6 million acres, but still the second largest area since 1946. Of that area, growers expect to harvest 78.9 million acres for grain, down 9 percent from 2007 but still the second largest area since 1944. For soybeans, 2008 planted area is estimated at 74.5 million acres, the third largest on record and up 17 percent from last year. Of the planted area, farmers expect to harvest 72.1 million acres, up 15 percent from last year.
Posted in News
Mon, 30 Jun 2008 12:57:00 GMT
The 2007 compilation of
dairy market statistics collected by the Dairy Division of the Agricultural Marketing Service has been added to the website.
Posted in Web-Site News
Mon, 30 Jun 2008 11:50:00 GMT
The ERS estimates of
feed costs
for each of the 23-major states has been added to the website database. The Wisconsin average feed cost is estimated to be $9.16 compared to $9.25. This compares to California’s value of $10.91.
Posted in Web-Site News
Fri, 27 Jun 2008 19:12:00 GMT
The preliminary June ‘08
Milk-Feed Price Ratio was estimated to be 1.78. This is a record low and a drop from the May level of 1.83. The June 2007 value was 2.88.
Posted in Dairy-Related Prices
Wed, 25 Jun 2008 17:12:00 GMT
A
new spreadsheet file has been added to the website collection that simulates FMMO classified prices under the changes contained in USDA’s Tentative Final Decision released last week.
Posted in Web-Site News
Fri, 20 Jun 2008 17:18:00 GMT
USDA’s National Agricultural Statistics Service (NASS) is taking several steps to assess the impact on the 2008 crop acreage from the impact of the extraordinary rainfall and flooding in the Midwest. NASS will release the 2008 Acreage report as scheduled on June 30 at 8:30 a.m. EDT. However, NASS collected most of the acreage data during the first two weeks of June, before the majority of the flooding occurred.
In the Acreage report, NASS will use standard procedures to estimate planted area. But in an effort to more accurately determine how much of the planted area will actually be harvested for grain, NASS will re-interview producers during the week of June 23 in affected areas of Illinois, Indiana, Iowa, Minnesota, Missouri and Wisconsin. This will provide additional information about producers’ harvesting intentions for corn, soybeans and sorghum.
However, because some producers might be difficult to contact or still could be assessing their options, NASS will conduct a more extensive update of planted and harvested acreage in July in the impacted areas. This information along with data normally collected from across the country during this time will be reflected in the August 12 Crop Production report.
For more information about USDA’s response and efforts in the Midwest, go to www.usda.gov/safety .
Posted in News
Fri, 20 Jun 2008 13:29:00 GMT
The
July Advance Class I mover is $20.78. This represents a $2.20 increase over the June value and a $0.13 decline from the July ‘07 value.
Posted in Dairy-Related Prices
Fri, 20 Jun 2008 12:00:00 GMT
The U SDA issued a
tentative final decision to
amend the Class III and Class IV product price formulas in all Federal milk marketing orders. The decision was based
on the record of the first session of a public hearing held in Strongsville, Ohio on February 26- March 2, 2007, a
second session of a public hearing held in Indianapolis, Ind., on April 9-13, 2007, and a third session of a public
hearing held in Pittsburgh, Pa., on July 9-11, 2007.
The decision would amend the make allowances for cheese, butter, NFDM and dry whey. Specifically, this decision would adopt the following make allowances: cheese - $0.2003 per pound; butter -
$0.1715 per pound; NFDM - $0.1678 per pound; and dry whey - $0.1991 per pound. This decision also proposes to
increase the butterfat yield factor of the butterfat price formula from 1.20 to 1.211.
A complete copy of the Federal Registry record can be obtained by clicking
here.
Posted in News
Thu, 19 Jun 2008 12:15:00 GMT
The spot
CME Block Cheddar price decreased $0.06 yesterday to a final settle prices of $1.9800 . This is the first time this price has been less than $2.00 since May 9th
Posted in Dairy-Related Prices
Thu, 19 Jun 2008 11:58:00 GMT
May milk production in the 23 major States was 15.4 bil. lbs. , up 3.4% from May 2007.
Prod./cow in the 23 major States averaged 1,816 lbs.,
25 lbs above May 2007.
The number of
milk cows on farms in the 23 major States was 8.46 mil. head, 162,000 head more than May 2007, and 12,000 head more than April 2008.
Posted in News
