Wed, 20 May 2009 20:24:00 GMT
A new feature has been added to the front page of the
Understanding Dairy Markets website. Now on the front page is a
clickable item that provides a quick look at the status of the U.S. dairy industry. The spreadsheet accessed by clicking the associated icon contains a thumbnail sketch of cash and futures markets. The
information contained within the various worksheets is updated weekly. The four worksheets contained in this file are devoted to: (i) Dairy Cash Markets, (ii) Dairy Futures Markets, (iii) Corn and Soybean Futures
Markets and (iv) projected MILC Payments.
Posted in Web-Site News
Tue, 19 May 2009 15:19:00 GMT
The USDA in today’s Federal Register,
published a proposed rule on the assessment on all dairy-based imports as specified in the 2008 Farm Bill. Interested parties will have 30 days to submit comments. The proposal will assess the equivalent of 7.5 cent per hundredweight on all dairy-based imports, including cheese and butter products, as well as dry ingredients such as casein and milk protein concentrates. The assessment will be collected by the National Dairy Board to be used for nutrition research, consumer education, issues management, and other programs that build demand for dairy consumption.
Posted in News
Mon, 18 May 2009 19:42:00 GMT
According to today’s
milk production report, April milk production in the 23 major States was 14.9 bil. lbs., up slightly from April 2008. Prod/cow per cow in the 23 major States averaged 1,758 lbs, 1 lb above April 2008. The no. of milk cows was 8.48 mil., 3000 head less than April 2008, and 2,000 less than March 2009.
Posted in Statistics
Mon, 18 May 2009 12:40:00 GMT
For the week ending on May 16th, 1.8 million lbs. of NFDM was
sold to the CCC by Western U.S. manufacturers. This was the lowest weekly sales amount for 2009.
Posted in Statistics
Mon, 18 May 2009 12:26:00 GMT
The Holstein Association has made available a summary of their supply management proposal. Click
here to download this proposal.
Posted in News
Fri, 15 May 2009 11:05:00 GMT
After Wednesday’s CWT based rally, milk futures
dropped back yesterday. June through October ‘09 all declined at least 20¢, giving back most of the gains.
Posted in News
Thu, 14 May 2009 13:15:00 GMT
The USDA said Tuesday in its
first official projections of this year’s crops that it expects a season-average price of corn to be harvested in the fall of $4.10 a bushel, give or take 40 cents a bushel. While that price is far less than the $7.50 that corn briefly neared last June, it is just a dime less than the record season-average price for the 2007 crop.
Likewise, the USDA expects the season-average price of the 2009 soybean crop to fluctuate around $9.45 a bushel, give or take a dollar, a midpoint that is just 4% less than the price of the crop harvested last fall.
For the complete WASDE report click here.
Posted in News
Wed, 13 May 2009 19:37:00 GMT
The CWT announced today that it has tentatively accepted 388 bids representing 102,898 cows and 2 bil. lbs. of milk production capacity in the first of a series of herd retirements planned over the next twelve months. The number of cows and pounds of milk represent the largest single herd retirement carried out in the six year history of CWT. For more detail concerning this rounds of herd reduction, click
here.
Posted in News
Wed, 13 May 2009 12:59:00 GMT
Data concerning March U.S.
export and import sales values were released yesterday by USDA. They show a 39.6% drop in 1st quarter value of dairy exports and a 7.6% increase in 1st quarter value of dairy imports.
Posted in News
Wed, 13 May 2009 12:14:00 GMT
Yesterday the USDA issued its
2010 dairy market projections in its May WASDE report, forecasting continued declines in milk production and higher milk and dairy product prices. The department projects milk prod. to decrease 0.5% in 2010, to 186.6 bil. lbs. This year’s output is projected to decrease by 0.9% to 187.7 billion lbs.
Posted in News
