Dairy Profit Tuesday, July 27
An (almost) daily recap of dairy information:
July 27, 2010
U.S. less attractive foreign dairy export market?
Although the U.S. has long been an attractive market for dairy imports, imports both on a fat and skim milk equivalent basis have been declining in recent years. A new USDA Foreign Ag Service report says it appears the historically attractive price margin created by high U.S. cheese prices (relative to world prices) has diminished, leading foreign exporters to shift their focus to emerging markets. In addition, the U.S. entry into milk protein concentrate production will likely be to the detriment of future imports of MPCs.
Dairy Research Institute formed
Dairy Management Inc. (DMI) and the Innovation Center for U.S. Dairy announced the formation of the Dairy Research Institute, a 501(c)(3) non-profit organization designed to strengthen the dairy industry’s access to and investment in the technical research needed to drive demand for dairy products and ingredients, globally.
Calving oddity
A cow on a United Kingdom dairy – which uses “concoctions” of bull semen during artificial insemination – has given birth to triplets … from two different breeds. The Holstei-Friesian cow delivered two Belgian Blue crossbreds and one Charolais crossbred.
MARKETS:
Another quiet day
Closing on Tuesday, July 27:
Cheddar barrels – unchanged, at $1.56/lb.
Cheddar blocks – unchanged, at $1.6025/lb.
Butter – unchanged, at $1.80/lb.
Extra Grade nonfat dry milk – unchanged, at $1.2250/lb.
Grade A nonfat dry milk – unchanged, at $1.21/lb.
Class III milk futures – monthly Class III contract prices were mixed in a narrow range through September 2011.
Check for daily DPW news updates at www.dairybusiness.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