MILC Payements Forecasted for 2009 and 1st Half of 2010
Wed, 31 Dec 2008 17:14:00 GMT
Using the futures prices available on Dec. 30th, we have forecast possible MILC payments over 2009 and 2010. These estimates can be obtained by clicking here.
No MILC Payment for November
Wed, 31 Dec 2008 13:07:00 GMT
With the release of USDA’s December Agricultural Prices report, the final Nov. feed costs values necessary for the MILC feed cost adjuster is available. Our estimates are given the Nov. Class I mover of $17.33/cwt, a Nov. corn price of $4.26/bu, a Nov. soybean price of $9.38/bu and an alfalfa baled hay price of $163/ton there will be no Nov. MILC payment.
USDA Denies NMPF Dec '06 Request to Change Class I and II Formulas
Wed, 24 Dec 2008 14:08:00 GMT
To be published in Today’s Federal Register - a decision denying the Dec 2006 hearing proposals to increase Class I and II prices, and decouple them from Class III - IV formulas. The decision is available by clicking here.
California Decides to Reduce Class 1, 2 and 3 Prices
Mon, 22 Dec 2008 12:29:00 GMT
The California Department of Food and Agriculture (CDFA) last Wednesday decided to reduce the state’s Class 1 price approximately 35 cents per hundredweight and reduce the Class 2 and 3 prices by about 26 cents per hundred. The changes will take effect for milk delivered to processing plants on or after January 1, 2009. Click here to obtain the final industry notice.
DFA, Two Former Executives to Pay $12 Mil. to Settle CFTC Charges
Mon, 22 Dec 2008 12:13:00 GMT
Dairy Farmers of America (DFA), its former chief executive officer Gary Hanman, and its former chief financial officer Gerald Bos will pay a $12 million civil monetary penalty for attempting to manipulate the Class III milk futures contract and exceeding speculative position limits in that contract, the US Commodity Futures Trading Commission (CFTC) announced last Tuesday.
CWT Announces Latest Herd Retirement Acceptances
Thu, 11 Dec 2008 17:52:00 GMT
The CWT announced the acceptance of 184 bids representing 61,078 cows eliminating 1.2 bil. lbs. of milk. It is the second largest amount of cows to be removed, but will eliminate the greatest amount of milk since the program began in 2003.  The two herd retirements this year will eliminate 85,663 cows and 1.637 billion lbs. of milk.
October Dairy Products Report Available
Thu, 04 Dec 2008 12:26:00 GMT
According to the latest Dairy Products Report concerning October production levels:
Total cheese output (excluding cottage cheese) was 842 million pounds, 2.0 percent above October 2007 and 5.8 percent above September 2008.
Italian type cheese production totaled 343 million pounds, 1.4 percent below October 2007 but 2.8 percent above September 2008.
American type cheese production totaled 342 million pounds, 6.5 percent above October 2007 and 7.9 percent above September 2008.
Butter production was 130 million pounds, slightly below October 2007 but 7.4 percent above September 2008.
Dry Milk Powders: (comparisons with October 2007) Nonfat dry milk, human — 121 million pounds, up 21.1 percent. Skim milk powders — 17.6 million pounds, down 18.1 percent.
Whey products: (comparisons with October 2007) Dry whey, total — 85.2 million pounds, down 4.2 percent. Lactose, human and animal — 60.2 million pounds, down 2.2 percent. Whey protein concentrate, total — 36.7 million pounds, up 13.8 percent.
Compared to 2007, California's October Milk Production Estimated to Decrease by 0.9%
Fri, 28 Nov 2008 13:21:00 GMT
California’s milk production has decreased three out of the last four months, when compared to year-earlier levels.
FDA Finds Traces of Melamine in US Infant Formula
Wed, 26 Nov 2008 14:44:00 GMT
Traces of the industrial chemical melamine have been detected in samples of top-selling U.S. infant formula, but federal regulators insist the products are safe. The Food and Drug Administration said last month it was unable to identify any melamine exposure level as safe for infants, but a top official said it would be a “dangerous overreaction” for parents to stop feeding infant formula to babies who depend on it.
Sept. Dairy Trade Data Now Available
Tue, 18 Nov 2008 13:47:00 GMT
Last week, the USDA released the September import and export trade data. We have available 4, 6 and 10 digit monthly and quarterly figures. Both quantity and value of shipments data is part of our dataset.
