Wed, 13 May 2009 12:14:00 GMT
Yesterday the USDA issued its 2010 dairy market projections in its May WASDE report, forecasting continued declines in milk production and higher milk and dairy product prices. The department projects milk prod. to decrease 0.5% in 2010, to 186.6 bil. lbs. This year’s output is projected to decrease by 0.9% to 187.7 billion lbs.
Mon, 04 May 2009 19:43:00 GMT
According to today’s Dairy Products report, total cheese output was 871 mil. lbs, 4.3% March 2008. U.S. butter production was 145 mil. lbs., 4.4% below March 2008.
Fri, 01 May 2009 14:34:00 GMT
The latest proposal from Sens. Arlen Specter and Robert P. Casey Jr., Democrats of Pennsylvania, would require the USDA to base the Class III price upon the national average cost of production. In practice, the bill would fundamentally revamp the way the government dictates minimum prices that food companies must pay farmers for milk. But the bill’s ambitious reach appears to be its stumbling block; lobbying groups for farmer-owned cooperatives and the companies that buy their milk both oppose it.
Fri, 01 May 2009 11:57:00 GMT
With the release of the April Agricultural Prices report, the final March corn grain, soybean and alfalfa hay prices are available. The resulting March MILC payment will be $2.01/cwt.
Thu, 23 Apr 2009 12:06:00 GMT
Humboldt Creamery has filed for bankruptcy protection just two months after former CEO Rich Ghilarducci scandalized the company by revealing its finances weren’t as sweet as they seemed.
The bankruptcy will make it possible for the creamery to keep operating, but it could also tear it from the hands of its member farmers. The company’s $50 million to $100 million debt, combined with the inaccurate financials, prompted the Tuesday morning Chapter 11 filing in U.S. Bankruptcy Court in Santa Rosa.
Mon, 13 Apr 2009 13:21:00 GMT
The USDA announced this week that a national public hearing will be held starting on Monday, May 4, to consider proposals seeking to amend or remove the producer handler provisions and revise the exempt plant provisions of federal milk marketing orders. The hearing will begin at 1:00 p.m. on Monday, May 4, at The Westin in Cincinnati, OH, and will likely continue for several days. Click here for more detail. For a listing of all hearing proposals click here.
Sat, 04 Apr 2009 13:27:00 GMT
Secretary of Agriculture Tom Vilsack announced that approximately 200 mil. lbs of NFDM will be transferred from the CCC to USDA’s Food and Nutrition Service for use in domestic feeding programs. The goal is to help support both low income families struggling to put nutritious food on their tables and dairy farmers who have been challenged by high feed costs and low dairy price. To see the complete news release click here.
Fri, 03 Apr 2009 21:37:00 GMT
With the release of the final feed price estimates for February in March’s Agricultural Prices Report, the MILC payment for February will be $1.5132/cwt.
Fri, 03 Apr 2009 13:46:00 GMT
Foremost Farms USA, one of the largest dairy cooperatives in the nation, has sold its Golden Guernsey and Morning Glory milk bottling plants in Waukesha and De Pere to Dean Foods Co. (DF), a Dallas-based food and beverage distributor.
The plants, employing 282 people, will continue operating and buying milk from area dairy farmers, according to Foremost Farms.
The sale includes the Golden Guernsey and Morning Glory brands. It also means that Foremost Farms will focus exclusively on its wholesale dairy products business and will no longer be a retailer.
For more detail click here.
Sat, 14 Mar 2009 19:39:00 GMT
Cooperatives Working Together announced Thursday that it has reached its goal of signing up a supermajority of the nation’s milk supply for two years. According to CWT officials, 67% of the nation’s milk supply has now committed to pay the 10 cent per hundredweight membership assessment for a full two years, from Jan. 2009 through Dec. 2010, and more memberships are still being received that will further boost that figure. To obtain a copy of the CWT press release click here.
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