This week in DairyProfit Weekly: Aug. 27, 2012
This week in DairyProfit Weekly:
1) Hear ye; hear ye not: EPA is taking comments on Renewable Fuel Standard ethanol waiver. CDFA denies hearing on California milk pricing requests from Western United Dairymen.
2) ‘Farm Bill Now’: With the Milk Income Loss Contract program reverting back to lower levels of support, dairy organizations are urging quick approval of the 2012 Farm Bill. NMPF joins ‘Farm Bill Now’ coalition to make voice louder.
3) DPW Trends: The U.S. dairy herd continues to contract, and combined with minimal increases in milk production per cow, slowed year-over-year milk production growth to less than 1% for a second consecutive month.
4) September Class I base: The federal order Class I base milk price is $17.59/cwt., up $1.04 from August. The higher price, combined with MILC program changes, mean there probably won’t be an MILC payment for September milk.
5) DPW Numbers: January-July 2012 dairy cull cow slaughter is 97,600 ahead of last year. Canadian cow numbers decline. Smaller year-to-year increases in milk production are helping slow the growth and/or draw down dairy product inventories.
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Dave Natzke, Editor
Editorial Director – DairyBusiness Communications
7221 Country Village Dr.
Wisconsin Rapids, WI 54494