DairyProfit Update for Aug. 29, 2012
August federal manufacturing class milk prices were up from July, but remain well below a year ago. Prices are as follows:
• Class II: $15.64/cwt., up $1.13 from July, but $5.91 less than August 2011.
• Class III: $17.73/cwt., up $1.05 from July and the highest since December 2011, but $3.94 less than August 2011.
• Class IV: $15.76/cwt., up $1.31 from July and the highest since February 2012, but $4.38 less than August 2011.
Through January-August 2012, the Class II average is $15.88/cwt., down $3.88 from the same period in 2011. The Class III average is $16.23/cwt., down $1.95 from a year earlier. The Class IV average is $14.95/cwt., down $4.54 from January-August 2011.
California’s Class 4a/4b prices will be announced Sept. 4.
U.S. dairy manufacturing investment planned
U.S. manufacturers of dairy-based products are on track to invest more than $2.2 billion over the next couple of years in building new facilities, as well as upgrading and modernizing existing plants, according to Industrial Info Resources (IIR). More than 75 major capital and maintenance projects are under construction or scheduled to start construction before June 2014.
IIR is a provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Visit www.industrialinfo.com.
Pro Ag joins federal order hearing petition request
Progressive Agriculture Organization (Pro Ag) joined a petition effort requesting U.S. Ag Secretary Tom Vilsack to hold an emergency hearing to consider raising minimum milk prices paid to producers under the federal milk marketing order system.
Citing the drought and fast-rising grain/forage costs, the petition asks Vilsack to use his authority to adjust minimum milk prices under section 608 (c) 18 of the 1937 Agricultural Marketing Agreement Act (AMAA).
For more information, contact email@example.com.
‘Farm Bill Now’ rally scheduled, Sept. 12
A “Farm Bill Now” rally will be held Sept. 12, 11 a.m., in Washington, D.C., at Union Square by the Capitol Reflecting Pool.
The “Farm Bill Now” coalition has nearly 40 farm and ranch organizations, including the National Milk Producers Federation (NMPF). It was created in an effort to raise public awareness of the need for Congress to pass a new, comprehensive, five-year farm bill before current farm programs expire on Sept. 30. Only eight days remain on the legislative calendar before the current farm bill’s expiration.
For more information, visit www.FarmBillNow.com.
IDFA cancels Policy & Politics Conference
The International Dairy Foods Association (IDFA) cancelled its Policy & Politics Conference, originally scheduled for Sept. 19-21.
IDFA, Milk Industry Foundation, National Cheese Institute and International Ice Cream Association board meetings will still be held Sept. 19, at the Renaissance Mayflower Hotel.
For further information, contact Patrick Crosson, IDFA meetings assistant and registrar, at firstname.lastname@example.org.
USDA: Keep good livestock (disaster) records
USDA Farm Service Agency (FSA) administrator Juan Garcia urged livestock producers affected by natural disasters, such as Hurricane Isaac and the drought, to keep thorough records of their livestock and feed losses, including additional expenses for such things as feed purchases because of lost supplies.
FSA recommends owners and producers record all pertinent information of natural disaster consequences, including:
• documentation of the number and kind of livestock that died
• dates of death supported by birth recordings or purchase receipts
• costs of transporting livestock to safer grounds or to move animals to new pastures
• feed purchases if supplies or grazing pastures are destroyed
USDA’s authority to operate the five disaster assistance programs authorized by the 2008 Farm Bill expired on Sept. 30, 2011. This includes SURE; the Livestock Indemnity Program (LIP); the Emergency Assistance for Livestock, Honey Bees, and Farm-Raised Fish (ELAP); the Livestock Forage Disaster Program (LFP); and the Tree Assistance Program (TAP). Production losses due to disasters occurring after Sept. 30, 2011, are not eligible for disaster program coverage.
The House approved a $383 million disaster aid package for U.S. livestock producers prior to August recess. However, Senate leaders said they may not act on the bill, because they want disaster aid rolled into the 2012 Farm Bill.