New Zealand Had a Good Milk Production Year
Favorable weather has helped New Zealand farmers post strong late-season production. Over the January-April period, New Zealand milk production was up 9.3% from last year (including a 33.3% jump in...
View ArticleCorn, Wheat Rebound from Last Week's Losses
U.S. grain futures surged as traders saw signs that foreigners were re-entering the markets after last week’s steep losses. The U.S. is the world’s largest exporter of corn and wheat, and when futures...
View ArticleIDFA Asserts Budget Reductions May Move Up the Farm Bill Consideration
With the political climate in Washington, D.C., dominated by calls for austerity and debate over the debt ceiling, all aspects of the federal budget are open for reductions, including agriculture. Farm...
View ArticleThe CDFA Holds a Hearing for Changing the Class 4a/4b Minimum Price Formulas
Last week, the California Department of Food and Agriculture (CDFA) held a hearing to consider amending the minimum price formulas for milk sold to Class 4a (butter powder) and Class 4b (cheese/whey)...
View ArticleJuly Class III Futures Settle Today @ $21.13
July Class III futures settled at $21.13 today. The record-high Class III price is $21.38 set in July 2007. To see the history of recent Class III settle prices go to the following URL contained...
View ArticlePetersen (D-MN) Releases Draft Dairy Policy Reform Proposal
Rep. Petersen yesterday released a draft of a dairy policy reform bill that closely mirrors that of the National Milk Producer’s Federation. For a copy of this bill draft, click here.
View ArticleIDFA's Criticism of Rep. Peterson's Propsal
IDFA President and CEO Connie Tipton provides some comments concerning Rep. Petersen’s dairy policy reform draft proposal. For the full set of comments click here
View ArticleNMPF Responds to IDFA's Comments on Rep. Peterson's Dairy Policy Reform Proposal
The NMPF responds to IDFA CEO Connie Tipton’s comments with respect to Rep. Peterson’s dairy policy proposal. To obtain the NMPF comments click here.
View ArticleNational Farmers Union Reacts to Peterson's Dairy Reform Proposal
The National Farmers Union (NFU) Board of Directors has passed a resolution in response to U.S. House of Representatives Committee on Agriculture Ranking Member Collin Peterson’s recent dairy reform...
View ArticleDairy Revenue vs. Milk Price Volatility
The recent increase in volatility of the grain markets has generated considerable interest in the management of dairy margins (i.e., income over feed costs). Two graphs showing the importance of feed...
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