Dairy Profit Thursday
An (almost) daily recap of dairy information:
July 23, 2009
AFACT wraps up 2nd Annual AFACT Summit
The American Farmers for the Advancement and Conservation of Technology (AFACT) met in Minneapolis this week for their second annual AFACT Summit. Theme for this year’s conference was “Working Together to Create Solutions,” and it brought together a wide range of ag representatives. AFACT is directing more educational focus throughout the food chain, training AFACT Advocates to reach grocery store managers; and becoming active in social networks, such as Facebook and Twitter, to reach consumers. For more information, visit http://itisafact.org.
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Cold storage report |
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USDA’s monthly Cold Storage report indicates June butter stocks totaled 266.3 million lbs., up 5% from May and 3% more than June 2008. May’s butter stocks were revised up 2.2 million lbs. The American cheese inventory, at 623.1 million lbs., was up 2% from May and 7% more than a year ago. May’s American cheese inventory was revised up 1.6 million lbs. Total cheese stocks were estimated at 971.4 million lbs., up 1% from May 8% more than June 2008. May stocks were revised up 1.2 million lbs. |
Thursday’s markets
CME spot cheese prices were steady on Thursday, but butter rose another 0.5¢/lb. Class III milk futures were mixed to mostly lower, with largest decreases for August-October 2009. CBOT corn, soybean and soybean meal futures prices were all higher. For today’s market activities on the Chicago Mercantile Exchange and Chicago Board of Trade, visit http://www.dairybusiness.com/dairybusiness_markets.php.
Friday on DairyLine Radio
Dairy Profit Weekly’s Dave Natzke reports from the 2nd annual AFACT Summit. You may recall AFACT was born a couple of years ago by dairy farmers concerned over the potential loss of recombinant bovine somatotropin as a tool for increased milk production. Since then, we’ve had California’s Proposition 2 and similar initiatives in other states that restrict farm animal management practices, as well as a general media and policy blitz surrounding such “green,” “sustainable” and “local,” that generally attempt to portray modern agriculture in a negative light — and could have huge implications on future food production and global population growth. 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