The CME Spot Cheddar Block Prices Drops $0.3125 Since Last Friday
Thu, 17 Mar 2011 17:26:00 GMT
The CME Spot cheese market has witnessed a significant decrease in the CME spot cheddar price since last Friday (3/11). For more detail click here.
Dairy Industry Advisory Committee Votes to Approve Final Report
Mon, 07 Mar 2011 15:57:00 GMT
The Dairy Industry Advisory Committee voted today to approve a final report to Agriculture Secretary Tom Vilsack that offers recommendations concerning dairy farm profitability and milk prices.
The vote, which was held during a public meeting via conference call, supports a report that offers 23 public policy recommendations.
The Dairy Industry Advisory Committee was chartered to review farm milk price volatility and dairy farmer profitability. The committee was asked to make recommendations to the Secretary on how USDA can best address these issues to meet the dairy industry’s needs, both short and long-term. The committee also was asked to provide feedback on how actions taken by USDA in 2009 have affected the dairy industry.
For a copy of the full report click here.
Saputo to Acquire DCI Cheese Co.
Thu, 17 Feb 2011 19:11:00 GMT
Saputo Inc., the Montreal-based cheese manufacturer with several Wisconsin plants, will acquire DCI Cheese Company Inc. of Richfield for $270.5 million. Saputo said Thursday it agreed to buy DCI’s parent company, Fairmount Cheese Holdings Inc., in a debt-free transaction to be paid in cash or drawing from available lines of credit. The transaction, subject to regulatory approval and other conditions, is expected to close in March. For the full story click here.
Last Dairy Industry Advisory Committee Meeting Scheduled
Thu, 17 Feb 2011 19:06:00 GMT
The Last DIAC meeting will be held on March 3, 2011. It will be held via conference call. Available conference call-in lines for the public are limited to the first 100 registered public attendees. All persons wishing to listen to the meeting via conference call must register through DIAC@wdc.usda.gov by March 2, 2011. An e-mail confirmation will be sent to each registered public listener providing call-in instructions for the meeting. Due to logistical constraints, registration will close at 11:59 p.m. EST on March 2, 2011.
Corn Price Outlook Not Good for Dairy Farmers
Tue, 15 Feb 2011 14:35:00 GMT
The outlook for global grain supplies and food prices grew more precarious last week as the U.S. Agriculture Department said it expects U.S. corn supplies to fall to the near-record low level set 15 years ago. Red-hot prices aren’t cooling the appetite for U.S. grain as in the past, which means U.S. supplies are continuing to be drained at a rapid rate to make ethanol fuel, fatten livestock and meet demand overseas. For the full story click here.
NMPF Predicts No MILC Payments After Feb.
Mon, 14 Feb 2011 16:40:00 GMT
No MILC payments are predicted after February given the anticipate increase in milk prices forecast for the rest of the year. For the full story click here.
Farmers Likely to Increase Plantings
Wed, 19 Jan 2011 15:51:00 GMT
Analysts estimate farmers come spring must sow an additional 10 million acres—the largest U.S planting in a decade—to maintain adequate supplies of crops from corn to oats. The U.S. Department of Agriculture last week forecast supplies as a percentage of usage would fall to 15-year lows for corn and more than 40-year lows for soybeans. The agency also cut its forecast for some exporters such as Argentina and Australia. For the full story click here.
Dairy Industry Advisory Committee Releases its Recommendations
Tue, 18 Jan 2011 17:35:00 GMT
The U.S. Department of Agriculture’s Dairy Industry Advisory Committee met last week in Washington and issued a series of draft recommendations as it continued to work on a report consisting of recommendations to Secretary Vilsack about the future direction of dairy policy. For the list of recommendations click here.
One Take on U.S. Dairy Exports
Sun, 16 Jan 2011 16:16:00 GMT
Exports of major dairy products continue to increase through Nov. 2010. Domestic pricing issues may limit future increases in dairy exports. For the full story click here.
Farmers Support Spending Cuts
Fri, 14 Jan 2011 16:29:00 GMT
The nation’s biggest farm lobbying group supports a balanced budget. It’s against tax increases and says the federal government needs to tighten its belt. Just don’t ask its members where the government should trim billions of dollars in agriculture spending – they can’t agree. Despite warnings about belt-tightening and record federal deficits, delegates to the American Farm Bureau Federation left their annual convention this week without making major suggestions on where Congress should trim spending in the next Farm Bill, which sets federal funding for agriculture. For the full story click here.
