Mon, 02 Jun 2008 17:41:00 GMT
According to last Friday’s Agricultural Prices report, the U.S. May
All-Milk price was $18.20, $0.20 higher than May ‘07 .
May feed costs were all much higher than May ‘07: Corn - $5.12, Soybeans - $12.30, Alfalfa Hay - $177/ton .
Mon, 02 Jun 2008 16:08:00 GMT
A new Dairy Marketing and Policy Briefing paper is available for download. The authors are Bob Cropp, Ed Jesse and Brian Gould all of the Ag & Applied Economics Department at the University of Wisconsin-Madison. This paper reviews the key elements of the dairy subtitle of the Food, Conservation and Energy Act of 2008.
Fri, 30 May 2008 14:00:00 GMT
The May 2008 Class III price was announced today to be $18.18 which represents a $1.42 increase from the April value. The May ‘07 value was $17.60.
Wed, 28 May 2008 19:33:00 GMT
For those interested in obtaining just the Dairy Title to the 2008 Farm Bill click here.
Fri, 23 May 2008 19:51:00 GMT
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Fri, 23 May 2008 14:38:00 GMT
The Advanced Class I price for June is $18.18 . This represents and increase of $1.56 from May’s level and a $0.34 increase from June ‘07.
Thu, 22 May 2008 14:36:00 GMT
The May Dairy Outlook Report authored by Emeritus Prof. Bob Cropp is available for downloading.
Thu, 22 May 2008 13:53:00 GMT
Members from both parties hoped to bring the $290 billion bill, which includes election-year subsidies for farmers and food stamps for the poor, back to their districts over Memorial Day. But that is looking less likely now that the legislation will have to be passed all over again due to a printing error.
The House voted overwhelmingly, 316-108, on Wednesday to override Bush’s veto of the legislation earlier in the day. The Senate then was expected to follow suit quickly, but action stalled after the discovery that a 34-page section of the bill had been omitted from the printed bill sent to the White House. That means Bush vetoed a different bill from the one Congress passed, raising questions that the eventual law would be unconstitutional.
Wed, 21 May 2008 20:41:00 GMT
The CME Block cheese market hit a new record high with an unfilled bid took the block price up to $2.25. For barrels an unfilled bid took the price to $2.19. Blocks gained 12¢ on the day , barrels gained 10¢. The previous records were $2.2025 for blocks (Nov. 28, 2007), and $2.17 for barrels (April 19, 2004).
Wed, 21 May 2008 19:32:00 GMT
Today the President vetoed the 2008 Farm Bill. Since Congress is in recess until next Tuesday, the override attempt will not happen until sometime after then.
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