This week in DairyProfit Weekly: April 23, 2012
This week in DairyProfit Weekly:
1) Farm Bill/dairy policy: The U.S. Senate Ag Committee will begin markup of a 2012 Farm Bill proposal next week, and indications are the dairy title will resemble the Dairy Security Act. A coalition of 27 dairy organizations sent a letter to Senate Ag Committee leaders urging its inclusion.
2) Dairy cow culling: High cull cow prices and declining milk prices are having an impact. USDA estimated 278,000 culled dairy cows were slaughtered under federal inspection in March 2012. The March 2012 total is the second-highest monthly total since January 1997.
3) DPW Trends: March 2012 U.S. milk production was up 4.2% compared to a year earlier, with cow numbers up 86,000 head. On a daily basis, first-quarter 2012 milk production was up 4.1% compared to the same period in 2011.
4) DPW Numbers: The May 2012 federal order Class I base milk price is $15.85/cwt., up 19¢ from April 2012, but $3.90 less than May 2011. Through the first five months of 2012, the Class I base average is $16.73/cwt., down from $17.70/cwt. for the same period of 2011.
5) DPW Washington: February was another strong month for U.S. exports of dairy products, female dairy cattle and alfalfa hay.
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Dave Natzke, Editor
Editorial Director – DairyBusiness Communications
7221 Country Village Dr.
Wisconsin Rapids, WI 54494