Tue, 15 Jan 2008 16:49:00 GMT
Kraft Foods Inc. plans to offer cheese free of a controversial growth hormone, a strategic move that pressures competitors to follow.
Northfield-based Kraft says it will start selling a line of cheese made with milk from cows
free of rBST by June. Some consumer groups, citing scientific studies, say the production-boosting hormone can cause cancer, despite assurances from U.S. food regulators that it is safe.
Kraft aims to capitalize on consumer worries about food safety with a specialty product that will fetch a higher price than its mass-market cheeses. The new cheese reflects CEO Irene Rosenfeld’s plan to rekindle growth with premium brands.
Posted in News
Fri, 11 Jan 2008 15:56:00 GMT
A Chinese delegation looking to
spend $200 million on a dairy improvement project was in Madison on Wednesday looking for suppliers.
Wisconsin agricultural businesses met with representatives from Heilongjiang province in northern China who came to Madison to describe a World Bank project to modernize its dairy industry.
Posted in News
Fri, 11 Jan 2008 15:34:00 GMT
Dry whey futures dropped significantly on Thursday after USDA’s Dairy Market News reported a much
weaker whey market. The April 2008 futures contract settled at $0.2925. In the
Midwest, dry whey is trading in a range of mostly 31¢-43.25¢, down from 42-44.5¢ a week ago. The midpoint of the range is the lowest it’s been since Sept. 2006
Posted in News
Fri, 11 Jan 2008 15:31:00 GMT
According to the
Jan. World Agricultural Supply and Demand Estimate (WASDE) report, for 2008, the Class III price forecast is unchanged from last month. Cheese prices are
forecast fractionally higher as demand for cheese is expected to be firm. The Class IV price
for 2008 is forecast lower. The price forecasts for butter and NDM are reduced as
inventories of those products are large. The all milk price forecast for 2008 is lowered
slightly to $17.90 to $18.70 per cwt. The 2007 all milk price is estimated at $19.15.
Posted in News
Mon, 07 Jan 2008 20:43:00 GMT
In reaction to the drop in cheese and butter prices today, the
Class III futures market saw significant declines in near term futures contracts. Near limit reductions were observed for Jan and Feb. 08 contracts.
Posted in News
Mon, 07 Jan 2008 20:39:00 GMT
The CME
spot butter price is now below $1.20 for the first time since late July 2006.
Posted in Dairy-Related Prices
Mon, 07 Jan 2008 20:33:00 GMT
The CME
spot price for blocks
decreased 15.25¢ to $2.00 while
barrels dropped 2¢ to $2.07.
Posted in Dairy-Related Prices
Mon, 07 Jan 2008 16:00:00 GMT
Both the
House of Representatives and
Senate versions of the 2007 farm bill are now available in the publications section of this website. These are the versions that will be used by the Conference Committee.
Posted in Web-Site News
Mon, 07 Jan 2008 13:42:00 GMT
In the Jan 4th weekly
NASS product price report, data for the week ending Dec. 29th, indicated a $0.20 drop in average NFDM prices to $1.6440 from the level observed for the week ending on Dec. 22nd .
Posted in Dairy-Related Prices
Fri, 04 Jan 2008 15:51:00 GMT
The announced
Class III price for Dec. is $20.60. This represents a $1.38 increase over Nov.’s value and a $7.13 increase over Dec. 2006. The
Class IV price represents a $1.22 drop from Nov’s value.
Posted in Dairy-Related Prices
