Wed, 12 May 2010 15:18:00 GMT
I have added a publication recently published by Profs. Ed Jesse and William Dobson describing the prospects for a rebound in U.S. dairy trade in 2010. This publication can be obtained by clicking here.
Mon, 10 May 2010 13:07:00 GMT
Dairy farmers in the Northeast are training their sights on the massive Dairy Farmers of America (DFA) co-op and processing giant Dean Foods in an effort to prove that price fixing and illegal monopolization of the dairy industry has kept milk prices artificially low for struggling producers.
These farmers’ action represents the latest in a series of lawsuits around the country alleging that a lack of competition in the dairy processing industry has resulted in record profits for milk processors at the cost of lower prices for farmers.
Lawyers from Burlington firm Gravel and Shea alongside the Washington, D.C.-based Cohen Milstein firm were slated to make the case for the antitrust class-action suit against four milk processors — DFA, Dean Foods, Dairy Marketing Services (DMS) and HP Hood — in a hearing in U.S. District Court in Burlington on May 6. The defendants are pushing a motion to dismiss the case altogether.
For the full story click here.
Mon, 10 May 2010 12:47:00 GMT
Federal statistics show that Wisconsin is still the nation’s big cheese.
Wisconsin produced 2.65 billion pounds of cheese last year. That accounted for a nation-best 26 percent of the U.S. cheese output in 2009. For the complete story click here.
Cheese production values can be obtained from the following URL from within the Understanding Dairy Markets website: http://future.aae.wisc.edu/tab/production.html#9 .
Wed, 05 May 2010 16:13:00 GMT
CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of Cheese futures and options on futures. The cash-settled contracts will be available on CME Globex®, the exchange’s electronic trading platform, with trading scheduled to begin on June 20, 2010, for trade date June 21. These contracts will be listed by and subject to the rules and regulations of CME. For more information, go to the following website: www.cmegroup.com/cheese.
Wed, 05 May 2010 15:12:00 GMT
Wisconsin Gov. Jim Doyle has indicated he will sign a bill the Legislature passed late last month allowing farms to sell raw milk directly to consumers through 2011. Although the bill is limited in scope, advocates who’ve worked for years promoting raw milk say legalization in Wisconsin could lead to broader acceptance nationwide. For the full story, click here.
Tue, 04 May 2010 13:35:00 GMT
Last weed the USDA made available the 2009 Annual Summary of Milk Production, Disposition and Income report. This report can be obtained by clicking here.
Tue, 04 May 2010 13:17:00 GMT
Last week, the USDA made available their 2009 Dairy Products Annual Summary. To obtain this report click here.
Tue, 04 May 2010 13:11:00 GMT
The USDA today issued a final rule amending the producer-handler definition in all Federal milk marketing orders. Producers in all Federal milk marketing orders approved the amendments in referenda held in March 2010.
This rule amends the producer handler definition to limit exemption from pooling and pricing provisions of the orders to those producer-handlers with total route disposition and sales of packaged fluid milk products to other plants of 3 million pounds or less per month. These amendments were considered in a recommended decision published Oct. 21, 2009, and adopted by a final decision published March 4, 2010. The final rule appears in today’s Federal Register. The amendments will be effective June 1, 2010.
Tue, 04 May 2010 13:05:00 GMT
An global dairy futures market aimed at helping companies tackle volatile prices is expected to be launched in the middle of this year in New Zealand. The futures contracts would be on globally traded products, with whole milk powder the first dairy product to be launched, subject to regulatory approval from the New Zealand Securities Commission. The futures contracts would be settled in cash, rather than products, using Fonterra’s online auction globalDairyTrade to determine price. For more detail click here.
Wed, 24 Mar 2010 15:12:00 GMT
Dairy Farmers of America, Inc., the largest U.S. dairy cooperative, said profit rose 6.3 percent in 2009 as reduced costs and the sale of a business offset slumping milk prices. Net income rose to $65.6 million from $61.7 million in 2008, the Kansas City, Mo.-based cooperative said in a statement today. Sales fell 31 percent to $8.1 billion from $11.7 billion. For more detail click here.
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