Wed, 19 May 2010 13:51:00 GMT
In Utah, 15 people became ill in two separate clusters in incidences linked to drinking raw milk, state health officials say. The first cluster involved nine reported cases of Campylobacter infection among residents in
Weber, Davis and Cache counties. The second cluster involved six reported cases of Salmonella infection in Utah, Salt Lake and Wasatch counties. All who became ill reported drinking raw, unpasteurized milk produced at two licensed dairies,
said Julia Hall, food-borne epidemiologist for the Utah Department of Health.
For the full story click here.
Posted in News
Wed, 19 May 2010 12:50:00 GMT
USDA’s FSA last week announced the 2nd public meeting of the Dairy Industry Advisory Committee. The announcement can be obtained by clicking here.
The Dairy Industry Advisory Committee website can be found by clicking here.
Posted in News
Mon, 17 May 2010 16:40:00 GMT
The new launch date for the CME Group International Skim Milk Powder futures and options contracts is Sunday, May 23, 2010 (For trade date of Monday, May 24, 2010). For more detail click here.
Posted in News
Mon, 17 May 2010 13:28:00 GMT
Rep. Jim Costa (D-Calif.) introduced the Dairy Price Stabilization Act to Congress last Wed..
Under the program, dairies can choose to maintain current production (plus an allowable year-over-year growth rate based on market conditions) or expand. If they expand, they would pay a fee during the first year of expansion which would be shared with farmers not expanding.
A 24- member board of directors, including producers, processors and consumers, would be established to advise the Secretary of Agriculture on any necessary adjustments to program operations. In addition, the bill requires a vote by farmers to enact the program, and after three years after it starts, whether to continue it.
For the full story click
here. For a copy of the bill, click
.
Posted in News
Fri, 14 May 2010 12:51:00 GMT
Wisconsin Governor Jim Doyle signed legislation (AB 756) which extends dairy and livestock investment tax credits through 2012. For the full story click here.
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Thu, 13 May 2010 12:57:00 GMT
Dean Foods shares slid further Tuesday, slumping to 11-year lows, after equity analysts slashed their stock-price targets on the No. 1 U.S. milk producer. Dean shares dropped 7% to $9.73. The current average price target of analysts is now $11.50, down from $18.50, according to FactSet. The stock plunged 28% Monday when Dean suspended its 2010 outlook and said it faces a price squeeze from private-label milks at grocery stores. For the full story click here.
Posted in News
Wed, 12 May 2010 15:58:00 GMT
With Wisconsin’s governor poised to sign legislation allowing raw milk sales
direct to consumers in that state, the National Milk Producers Federation and the International
Dairy Foods Association today criticized elected officials for downplaying the food safety risks
inherent in raw dairy products, and urged federal lawmakers to take measures restricting such
sales.
For the full story click here.
Posted in News
Wed, 12 May 2010 15:18:00 GMT
I have added a publication recently published by Profs. Ed Jesse and William Dobson describing the prospects for a rebound in U.S. dairy trade in 2010. This publication can be obtained by clicking here.
Posted in News
Mon, 10 May 2010 13:07:00 GMT
Dairy farmers in the Northeast are training their sights on the massive Dairy Farmers of America (DFA) co-op and processing giant Dean Foods in an effort to prove that price fixing and illegal monopolization of the dairy industry has kept milk prices artificially low for struggling producers.
These farmers’ action represents the latest in a series of lawsuits around the country alleging that a lack of competition in the dairy processing industry has resulted in record profits for milk processors at the cost of lower prices for farmers.
Lawyers from Burlington firm Gravel and Shea alongside the Washington, D.C.-based Cohen Milstein firm were slated to make the case for the antitrust class-action suit against four milk processors — DFA, Dean Foods, Dairy Marketing Services (DMS) and HP Hood — in a hearing in U.S. District Court in Burlington on May 6. The defendants are pushing a motion to dismiss the case altogether.
For the full story click here.
Posted in News
Wed, 05 May 2010 16:13:00 GMT
CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of Cheese futures and options on futures. The cash-settled contracts will be available on CME Globex®, the exchange’s electronic trading platform, with trading scheduled to begin on June 20, 2010, for trade date June 21. These contracts will be listed by and subject to the rules and regulations of CME. For more information, go to the following website: www.cmegroup.com/cheese.
Posted in News
