May Cheese Exports Nearly Equal Imports
Wed, 16 Jul 2008 13:20:00 GMT
In May, U.S. cheese imports were 27.4 mil. lbs., down 20.8% from May 2007. For the first time, cheese import and export volumes were nearly identical.
The Trend for Increased Cheese Exports Continue
Thu, 10 Jul 2008 12:05:00 GMT
The trend of increased month-over-month U.S. cheese exports that started last August continued with the level of cheese exports in April. April cheese exports totaled 13,153 metric tons. This compares to 11,727 metric tons exported in March 8,497 metric tons exported in April ‘08.
Slaughter Begins in California Dairy Herd Exposed to TB
Wed, 09 Jul 2008 18:04:00 GMT
More than 4,800 dairy cows at risk of carrying tuberculosis are being slaughtered this week in central California, where nearly 16,000 cattle in the country’s largest milk-producing region have been quarantined, federal officials said.
Undersecretary of Agriculture Bruce Knight met privately with local dairy operators Tuesday along with the state veterinarian and other industry officials monitoring three new cases of TB recently discovered in Fresno County dairies.
Federal and state agriculture officials were still tightlipped about the identities and locations of the three dairies where cows tested positive for the disease, which can be transmitted to humans and other mammals through the air or through drinking unpasteurized milk from an infected cow.
Dramatic Increase in May End-of-Month Dry Whey Stocks
Wed, 09 Jul 2008 12:30:00 GMT
The May end-of-month dry whey stocks increased 46% over May ‘07. This continues the trend of higher year-over-year stocks.
Blocks/Barrel Prices Continue Their Decline
Wed, 09 Jul 2008 12:08:00 GMT
The CME block and barrel prices continued their decline that started at the beginning of June. Blocks dropped below $1.90 for the first time since the middle of April.
Jul '08 - Jun '09 Class III Futures All Less Than $20
Wed, 09 Jul 2008 11:56:00 GMT
At the close of trading yesterday (July 8th) the Class III settle prices over the July ‘08 - Jun ‘09 contracts were less then $20.00. The high was $19.98 for Oct.
August '08 Dry Whey Futures Drops to a Contract Low of $0.2350
Mon, 07 Jul 2008 13:35:00 GMT
On July 3rd the August ‘08 dry whey futures settled at a new contract low of $0.2350.
May Dairy Products Report Release, 2.3% Increase in Total Cheese Production
Mon, 07 Jul 2008 13:14:00 GMT
The May Dairy Products report is released. Total May cheese output was 828 mil. lbs., 0.5% above May 07 and 2.3% above April 08. May Butter production was 144 mil. lbs, 15.8% above May 07 but 4.4% below April 2008.
Announced June FMMO Class III price is $20.25
Mon, 07 Jul 2008 12:31:00 GMT
The June Class III price is $20.25. This represents a $2.07 increase from the May level and a $0.10 decrease from June ‘07.
California June 4b price is $19.12
Thu, 03 Jul 2008 15:10:00 GMT
The CA June 4b price of $19.12 represents and increase of $0.46 over the May level and a $2.06 decrease from the June 2007 level.
