Fri, 04 Jun 2010 14:42:00 GMT
This morning the USDA released the May Class III price. It is $13.38/cwt. This represents a $0.46 increase from the April level and a whopping $4.54.cwt increase from May 2009. For the formal announcement of this price click here. For the actual data, go to the Federal Order Prices section of the website.
Thu, 03 Jun 2010 20:22:00 GMT
The latest Global Dairy Trade auction shows the market is enjoying a period of relative stability, says Fonterra globalDairyTrade manager Paul Grave. For the full story click here. The auction data can be obtained by accessing the Prices section of this website.
Tue, 01 Jun 2010 12:07:00 GMT
DairiConcepts, L.P., a joint venture between Fonterra and Dairy Farmers of America, has acquired the U.S. hard Italian cheese business of Swiss Valley Farms (SVF).
The business, previously owned by SVF’s wholly owned affiliate Rochester Cheese, produces private label fresh grated hard Italian cheeses and private label dry hard grated Italian cheeses for retail, foodservice and industrial customers. The acquisition includes Rochester’s plant at Dalbo, Minnesota.
For the full story click here.
Thu, 27 May 2010 16:54:00 GMT
After reviewing a number of economic benchmarks including cull rates and cull cow prices, Cooperatives Working Together (CWT) announced Thursday that it will conduct a herd retirement. Bids will be accepted starting Friday, May 28th with a cutoff date of Friday, June 25th. CWT has determined that it will consider bids up to, but not to exceed, $3.75 per hundredweight. Farmers whose bids are accepted are paid by CWT for their milk production, and they also retain the beef value of the cows they send to processing. For more detail click here.
Thu, 27 May 2010 13:50:00 GMT
On Wednesday, Minnesota state health officials announced that they have linked three cases of E. coli O157:H7 illness associated with raw milk from a dairy farm located in Gibbon, MN. The Minnesota Department of Health (MDH) urged consumers who may have purchased milk from the Hartmann Dairy Farm, otherwise known as M.O.M’s, to discard the product and not drink it. For the full story click here.
Wed, 26 May 2010 16:51:00 GMT
The nation’s cheese supplies continued to pile up, reaching a 26-year high last month, according to U.S. Department of Agriculture data.
U.S. cheese inventories totaled 1.012 billion pounds at the end of April, up 7.8 percent from the same period in 2009, the USDA said in its monthly Cold Storage report May 21. That’s the highest for any month since supplies topped 1.044 billion in Nov. 1984. For the full story click here.
Wed, 26 May 2010 15:39:00 GMT
You can download the DIAC Agenda has been set for the June 4th - 5th meeting can be obtained by clicking here.
Tue, 25 May 2010 17:12:00 GMT
In the next few years, dairy farmers are likely to see big changes in the safety net that protects them from crashing milk prices — including a first-ever comprehensive system to limit milk production, the chairman of the House Agriculture Committee said. Rep. Collin C. Peterson, D-Minn., said he believes the past year’s deep decline in milk prices will result in momentum for fundamental changes in dairy policy when Congress considers the five-year farm bill in 2012, as long as farm groups can find common ground and opposition from milk processors can be kept to a minimum. For the full story click here.
Tue, 25 May 2010 13:30:00 GMT
The European Commission has agreed to release a portion of its intervention stocks back into the market. It has been reported that they will release up to 143 million lbs. of SMP and 55 million lbs. of butter. These stocks will be sold through tenders, with the first round of bids due by June 1, 2010. For more detail click here.
Tue, 25 May 2010 12:50:00 GMT
As of yesterday, the CMEGROUP has initiated futures trading in International Skim Milk Powder. Fora general overview of this contract click here. For a detailed description of this futures contract, click here.
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