USDA Increases Support Prices for the Aug - Oct '09 period

Posted by Brian Gould Fri, 31 Jul 2009 14:37:00 GMT

Today the USDA announced that the support prices for non-fat dry milk and cheese will be increased significantly. According to the press release: “The increase announced today will raise the price paid for nonfat dry milk from $0.80 per pound to $0.92 per pound, the price paid for cheddar blocks from $1.13 per pound to $1.31 per pound, and the price of cheddar barrels from $1.10 per pound to $1.28 per pound.” A copy of the full press release can be found by clicking here .

Lets see how the markets react to these higher prices as well as the amount of product that will actually be sold to the Federal Government.   There is no limit on the amount that can be sold.