Fri, 30 Jan 2009 14:59:00 GMT
The Jan. ‘09 Announced Class III price is $10.78. This represents a $$4.50 drop from Dec. ‘08 and a $8.57 drop from Jan. ‘08. The Jan. ‘09 Announced Class IV price is $9.59. This represents a drop of $0.76 from the Dec. ‘08 value.
Sat, 24 Jan 2009 14:22:00 GMT
Last week, the CCC purchased 7.7 million lbs of NFDM and 1.1 million lbs of bulk butter.
Sat, 24 Jan 2009 13:55:00 GMT
The Feb. Class I mover was announced as $10.72, a drop of $5.02 from Jan. ‘09 and $8.96 from Feb. ‘08. This represents the lowest Class I mover since June 2003. This level of mover will generate a minimum of a $1.34 February MILC payment. The payment will probably be higher given the feed-cost adjustment that will be made to the MILC price target. The final MILC payment level will not be known until the end of March when the final feed prices used in the MILC payment calculations are known.
Tue, 20 Jan 2009 14:38:00 GMT
The 2009 version of the Status of Wisconsin Agriculture report is available for download from the publications section of this website. This report is an annual agricultural situation and outlook report authored (except where noted) by faculty in the Department of Agricultural and Applied Economics at the University of Wisconsin-Madison.
Sat, 17 Jan 2009 14:28:00 GMT
Dec. milk prod. in the 23 major states was 14.6 bil. lbs., up 1.5% from Dec. 07. Prod./cow averaged 1,726 lbs., 8 pounds above Dec. 07. The number of milk cows on farms was 8.48 mil. head, 90,000 head more than Dec. 07, and 7,000 head more than Nov. 2008.
Sat, 10 Jan 2009 14:14:00 GMT
The California Feb. Class I Price drops more than $6.00 from the January levels. The Southern CA Class I price for Feb. was announced to be $11.55, a drop from $17.69 in January. The Feb. 2008 level was $21.71. This is the lowest Class I price since 1995 when the current pricing system was established.
Fri, 09 Jan 2009 12:37:00 GMT
Three loads of butter were sold to the government on Jan. 7th for $1.05 under the support program. A total of 121,694 lbs. from the western region were sold to the CCC, the first support-program purchases since the Spring of 2003. &bnsp; From February-June 2003, 11.3 million lbs. of butter was sold to CCC. At that time it had been 8 years since the CCC had purchased butter. In addition as of January 7th more than 123 million lbs of NFDM has been sold to the CCC.
Thu, 08 Jan 2009 16:19:00 GMT
Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, said whole milk powder auction prices fell to their lowest in more than two years amid slowing global demand.
The average price fell 9.3 percent to $2,017 a metric ton in a sale yesterday, the company said on its GlobalDairyTrade Web site. Milk powder slumped a sixth month and is down 54 percent since the company began the monthly auctions in July.
Thu, 08 Jan 2009 16:15:00 GMT
As of January 5, 2009 the USDA implemented slight changes in the CCC purchase prices for cheese. New support rates are $1.13 for blocks and $1.10 for barrels. The purchase price for bulk butter remains $1.05 and nonfortified NDM remains 80¢. The government will no longer buy processed cheese, 1-lb. prints of butter or fortified or instant NDM. The document detailing these support prices can be found by clicking here.
Mon, 05 Jan 2009 22:04:00 GMT
The Nov. dairy products report was released today. Total cheese output was 826 mil. lbs., 1.3% above Nov. 2007. Butter prod. was 134 mil. lbs, 2.2% above Nov. 2007. NFDM production was up 34.8% over the Nov. 2007 level.
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