April Trade Data Added to the Website
Thu, 11 Jun 2009 13:33:00 GMT
We have added the April dairy trade data to the website that was released yesterday. You can access this data by clicking here.
July '09 - Sept. '09 Class III Contracts Settle to New Contract Lows
Mon, 08 Jun 2009 21:00:00 GMT
With the close of business today, the July - Sept. ‘09 futures settle prices closed at contract lows. As late as March 27, 2009 the Sept. ‘09 Class III contract settled at more than $16.00 .
EU Increases Dairy Export Subsidies
Mon, 08 Jun 2009 20:54:00 GMT
As reported in today’s Daily Dairy Report, the EU increased export subsidies for butter by 18%, SMP by 11% and WMP by 7%. Using current exchange rates, these subsidies are 41¢/lb. for butter, 13¢/lb. for SMP, 20¢/lb. for WMP and 14¢/lb. for cheese. The Cheese subsidy was not changed.
May Class III Price is $9.84
Mon, 08 Jun 2009 10:47:00 GMT
The May Class III price was announced on Friday to be $9.84. This compares to $10.78 in April and $18.18 in May 2008.
The April Milk Production Report is Released Today
Thu, 04 Jun 2009 21:05:00 GMT
The April Dairy Products Report was released today. Total cheese output was 846 mil. lbs, 3.2% above April 2008 and 2.8% below March 2009.&nsp; Butter prod. was 144 mil. lbs, 3.9 % below April 2008 and 2.1% below March 2009.
California May 4b Price is $9.54
Tue, 02 Jun 2009 11:26:00 GMT
The California May 4b price is $9.54, a decrease of $0.87 from the April value. This compares to a May 2008 value of $18.66. The May Class III price is likely to be approximately $9.83 .
April MILC Payment will be $1.59.
Fri, 29 May 2009 19:53:00 GMT
With the release of the May Agricultural Prices report today, the final April grain and hay costs used in the MILC feed cost adjuster are available. The resulting April MILC payment will be $1.59. Using the preliminary feed cost values for May, we estimate that the May MILC payment will be $1.52 .
2008 Annual Dairy Products Summary Document Avaialble
Fri, 29 May 2009 11:46:00 GMT
USDA released yesterday their 2008 Annual Dairy Products production summary report. This report has been added to the website and can be obtained by clicking here. In this report it shows that total cheese production in 2008 was 9.93 bil. lbs, with Wisconsin being the leading producer producing 25.4% of the U.S. total.
April Cheese and Butter Stock Values Released
Fri, 22 May 2009 19:07:00 GMT
The April Cold Storage report was released today. end-of-April Total Cheese stocks was 914.1 mil. lbs., an increase of 20 mil. lbs from Mar. This compares to 855.9 milk. lbs. at the end of April 2008.
End of month butter stocks stood at 242.7 mil. lbs., a 30.3 mil. lb increase over the stock level at the end of March. This compares with an April 2008 stock level of 251.5 mil. lbs.
USDA Announces 2008-09 Allocations for the DEIP
Fri, 22 May 2009 17:58:00 GMT
Agriculture Secretary Tom Vilsack today announced allocations under USDA’s Dairy Export Incentive Program for the July 2008 through June 30, 2009 period, as allowed under the rules of the World Trade Organization. The program helps U.S. dairy exporters meet prevailing world prices and encourages the development of international export markets in areas where U.S. dairy products are not competitive due to subsidized dairy products from other countries.
The Dairy Export Incentive Program allocations of 68,201 metric tons of nonfat dry milk; 21,097 metric tons of butterfat; 3,030 metric tons of various cheeses and 34 metric tons of other dairy products, as well as individual product and country allocations will be made available through Invitations for Offers. Country and region quantities may be limited by the invitation.
For more detail, click here.
