Announced Oct. Class IV Price is $21.31
Fri, 02 Nov 2007 14:21:00 GMT
The Announced Class IV price for Oct. is $21.31. This represents a $0.30 decrease from Sept. and a $9.80 increase from Oct. 2006.
Oct. Class III is $18.70
Fri, 02 Nov 2007 14:17:00 GMT
The Announced Oct. Class III price is $18.70, a decrease of $1.37 from the Sept. level and a $6.38 increase from Oct. 2006.
Senate Generates First Draft of Farm Bill
Tue, 30 Oct 2007 19:44:00 GMT
The Dairy Title to the 2007 Farm Bill looks very similar to the House version except (1) the payment rate of the MILC program is increased from 34% to 45%, (2) the allowable milk marketing under the MILC program is increased from2.4 mil. lbs. to 4.15 mil. lbs. from Oct. 1, 2008-Aug. 31, 2012 and (3) dairy product assessments are not applied to dairy product imports. A summary of the Dairy Title can be found here. A complete copy of the Chairma Harkin’s markup of the complete bill can be found here
Total Sept. Butter Stocks Decline But Still High
Tue, 23 Oct 2007 11:52:00 GMT
The Sept. butter stocks declined by more than 18 mil. lbs from Aug. but are at the highest Sept. value since 1993.
Sept. Cheese Stocks Show Little Decline
Mon, 22 Oct 2007 20:44:00 GMT
Sept. end-of-month American cheese stocks were 542.9 mil. lbs., a decrease of 2.7 mil. lbs. from Aug. American cheese inventories typically decline more in September than any other month. This could be the smallest decline in Sept. commercial American cheese inventories since 1987.
Sept. milk production increases 2.6%
Mon, 22 Oct 2007 12:39:00 GMT
Milk production in the 23 major States during September totaled 13.7 billion pounds, up 3.1 percent from September 2006. August production, unrevised at 14.3 billion pounds, was up 3.6 percent from August 2006.
Production per cow in the 23 major States averaged 1,644 pounds for September, 31 pounds above September 2006.
The number of milk cows on farms in the 23 major States was 8.34 million head, 91,000 head more than September 2006, and 12,000 head more than August 2007.
Class I mover for November is $21.45
Mon, 22 Oct 2007 12:35:00 GMT
The November Class I mover is $21.45, a decrease of 14¢ from October but this still represents an increase of $9.05 from Nov. ‘06.
Senate Finace Committee Rejects Tariffs on Milk Products
Tue, 09 Oct 2007 18:08:00 GMT
On a voice vote, the Senate Finance committee defeated a proposal to restrict the amount of milk protein concentrate that can enter the country without punitive tariffs.
Senate Version of the Farm Bill Shows Little Progress
Fri, 05 Oct 2007 20:28:00 GMT
A stalled farm-bill debate in Congress exposes a gap in the Democratic leadership: there is no single strongman to force deals upon three Senate committee chairmen who all want a hand in agriculture policy.
The Sept. Class III Increases 24¢ from August
Fri, 05 Oct 2007 20:01:00 GMT
The Sept. Class III is $20.07 and increase of a whopping $7.78 from Sept. 2006. The Sept. Class IV is $21.61, an increase of $10.51 from Sept. 2006.
