Fri, 04 Apr 2008 19:21:00 GMT
According to today’s dairy products report,
total Feb. cheese output was 784 mil. lbs,
4.8% above Feb. ‘07 but 3.5 percent below Jan. ‘08.
Italian type cheese prod. was 335 mil. lbs, 4.8% above Feb. ‘07 but 4.8% below Jan. ‘08.
American type cheese prod. totaled 319 mil. lbs, 4.5% above Feb. ‘07 but 4.4% below Jan. ‘08.
Butter prod. was 147 mil. lbs., 9.4% above Feb. ‘07 and 13.1 % below January ‘08.
Fri, 04 Apr 2008 14:53:00 GMT
The March Announced Class III price is $18.00. This compares to $17.03 in Feb. and $15.09 in March 2008 . The March Class IV price is $14.17 which is a $0.50 drop from the Feb. value and a $0.46 increase from the March 2007 value.
Thu, 03 Apr 2008 14:11:00 GMT
The U.S. Department of Agriculture may have to recommend a two-year extension to the current farm bill if Congress can’t produce a new unified bill that President George W. Bush would be willing to sign, Agriculture Secretary Ed Schafer said Wednesday.
Lawmakers and the Bush administration are close to finalizing an agreement on how to fund a new farm bill, Schafer said, but there is still a wide disagreement on farm subsidy reforms that the USDA has proposed, he said.
The 2002 farm bill was originally set to expire in October 2007, but Congress has passed short-term extensions while it continues to work on a replacement bill. The latest extension runs out on April 18.
Mon, 31 Mar 2008 16:42:00 GMT
Farmers are expected to plant less corn this year, according to the Department of Agriculture, and that could mean higher bills at the grocery store.
Corn prices have skyrocketed in recent years, helped by the burgeoning ethanol industry, which turns the crop into fuel, and rising worldwide demand for food. The higher prices have hurt poultry, beef and pork companies, who use corn to feed their animals.
Farmers are expected to plant 86 million acres of corn this year, the government predicted Monday, down 8% from 2007, when the amount of corn planted was the highest since World War II. The decreased supply could drive corn prices even higher – a cost for food producers that could be passed on to consumers.
Mon, 31 Mar 2008 14:31:00 GMT
The preliminary March Milk-Feed-Price Ratio was announced by USDA to be 2.05 . This is the lowest monthly value over the 1985-2008 period. The March ‘07 value was 2.39 and Feb. ‘08 value was 2.24. The prices used in the calculation of this ratio were Allmilk: $18.30, Corn Grain: $4.83, Soybeans $11.90 and Alfalfa Hay: $143.00
Mon, 24 Mar 2008 12:49:00 GMT
Wal-Mart announced today that its Great Value milk is now being sourced exclusively from cows that have not been treated with artificial growth hormones like recombinant bovine somatotropin (rbST). Sam’s Club is also exclusively offering milk selections from suppliers that have pledged not to treat cows with rbST.
Fri, 21 Mar 2008 14:44:00 GMT
Higher milk prices led to a large increase in 2007 revenue for Dairy Farmers of America Inc., but the cooperative recorded a loss for the year due to plant closures and revaluation of past investments.
Fri, 21 Mar 2008 14:36:00 GMT
The Advanced Class I Price for April is $18.61. This represents a $1.91 increase over March and a $3.61 over April of 2007.
Fri, 21 Mar 2008 11:42:00 GMT
End of February manufacturer American cheese stocks increased 24 mil. lbs. to 518.4 mil. lbs. This is 46.7 million lbs. below Feb. ‘07.
Thu, 20 Mar 2008 14:34:00 GMT
According to the latest WASDE report, commercial disappearance of milk is forecast to increase 3% in 2008 over 2007 levels.
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