DairyBusiness

An (almost) daily recap of dairy information:

July 22, 2009

NMPF task force hosts listening sessions

More than half a dozen U.S. dairy farm organizations met in Chicago this week to review a handful of concepts designed to improve dairy farm prices and offer long-term solutions to the economic volatility afflicting farmers across the country. Hosted by the National Milk Producers Federation’s  strategic planning task force, the meetings reviewed a plan to manage milk supply growth by assigning production bases to farmers, a program endorsed jointly by the Holstein Association USA, the Milk Producers Council, and Dairy Farmers Working Together.  For more information, visit http://dairywebmall.com/dbcpress/?p=3609.

Wednesday’s markets

CME spot cheese prices were steady on Wednesday, but butter rose another 0.5¢/lb. Class III milk futures were double-digit lower. CBOT corn futures prices were lower; soybean futures were higher for Aug. 2009-2010; and soybean meal futures prices were mostly higher. For today’s market activities on the Chicago Mercantile Exchange and Chicago Board of Trade, visit http://www.dairybusiness.com/dairybusiness_markets.php. 

Thursday on DairyLine Radio

National Milk Producers Federation’s Chris Galen provides additional information on the National Milk Producers Federation’s  strategic planning task force meeting in Chicago. Galen said the immediate focus was how to implement  a supply management plan legislatively, and how it would help reduce volatility and

improve milk prices. The task force will conduct a more detail examination of the plan, he said, and meet again in August to review it and other ideas to reform the U.S. milk pricing system. Read more details or listen to the conversation with DairyLine’s Lee Mielke at www.dairyline.com

For a sample copy of Dairy Profit Weekly, or subscription information, visit www.dairyprofit.com or phone: 800-334-1904, ext. 244.

Dave Natzke, Editor