Mon, 05 Jan 2009 22:04:00 GMT
The Nov. dairy products report was released today. Total cheese output was 826 mil. lbs., 1.3% above Nov. 2007. Butter prod. was 134 mil. lbs, 2.2% above Nov. 2007. NFDM production was up 34.8% over the Nov. 2007 level.
Mon, 05 Jan 2009 19:57:00 GMT
The CME Spot Barrel price fell to $1.0975 in today’s spot market at the CME. &npsp;The Block price fell to $1.1275.
Fri, 02 Jan 2009 20:29:00 GMT
The USDA released the Announced Dec. Class III and IV prices today. The Announced Class III price is $15.28 compared to $15.51 for November and $20.60 for Dec. ‘07.  The Dec. Announced Class IV is $10.35 compared to $12.25 for Nov. The Dec. ‘07 Class IV was $19.18.
Thu, 01 Jan 2009 14:57:00 GMT
As of yesterday, the CME spot block price is at $1.1325 and the barrel price is $1.13. Government purchase prices are $1.1314 and $1.1014, respectively. The last time the Feds bought cheese was 2003, when 35.4 mil. lbs. was purchased between Jan. and July.
Wed, 31 Dec 2008 17:14:00 GMT
Using the futures prices available on Dec. 30th, we have forecast possible MILC payments over 2009 and 2010. These estimates can be obtained by clicking here.
Wed, 31 Dec 2008 13:07:00 GMT
With the release of USDA’s December Agricultural Prices report, the final Nov. feed costs values necessary for the MILC feed cost adjuster is available. Our estimates are given the Nov. Class I mover of $17.33/cwt, a Nov. corn price of $4.26/bu, a Nov. soybean price of $9.38/bu and an alfalfa baled hay price of $163/ton there will be no Nov. MILC payment.
Wed, 31 Dec 2008 13:04:00 GMT
The preliminary decreased to 1.97 from a Nov. level of 2.02. This value compares to the Dec. ‘07 value of 2.85.Wed, 31 Dec 2008 12:53:00 GMT
The CME spot price for block cheese fell 8.5 cents yesterday to close the year at $1.1825, only 5 cents about Support level. The barrel price fell 6 cents to $1.2475 . The futures markets reacted accordingly. The Jan-Jun ‘09 futures contracts fell by an average of 50.6 cents and the Jul-Dec ‘09 futures fell by an average 41.0 cents.
Wed, 24 Dec 2008 14:08:00 GMT
To be published in Today’s Federal Register - a decision denying the Dec 2006 hearing proposals to increase Class I and II prices, and decouple them from Class III - IV formulas. The decision is available by clicking here.
Mon, 22 Dec 2008 14:57:00 GMT
USDA’s Farm Service Agency (FSA) announced that signup for the Milk Income Loss Contract Program (MILC) begins Dec 22 and will continue through the program’s expiration date, Sept 30, 2012. For more detail click here.
This site is maintained by