This week in DairyProfit Weekly: June 25, 2012

Coming up

USDA’s dairy Cold Storage estimates were released after DairyProfit Weekly’s Friday press deadline. Next week’s reports that could impact or measure your dairy business profitability potential include:

June 25 – Milk cost of production

June 28 – Ag Prices

June 29 – Crop Acreage and Grain Stocks reports

Check for daily DairyProfit Updates at www.dairybusiness.com.

This week in DairyProfit Weekly:

1) Farm Bill/dairy policy reforms: The Senate passed its version of the 2012 Farm Bill on June 21, including dairy policy reforms under development for three years by the National Milk Producers Federation. The House Ag Committee is expected to begin marking up its version of the 2012 Farm Bill on July 11.

2) DPW Trends: May 2012 U.S. cow numbers were down from April, the first month-to-month decline since August-September 2010. May 2012 milk production was up 2% compared to May 2011, the smallest percentage year-to-year gain since September 2011.

3) DPW Numbers: The July 2012 federal order Class I base milk price is $15.51/cwt., up 27¢ from June 2012, but $5.52 less than July 2011. Through the first seven months of 2012, the Class I base average is $16.34/cwt., down $2.21 from the same period of 2011.

4) DPW Industry: What's your favorite ice cream? Vanilla is the most popular flavor; premium is the best-selling type; and frozen yogurt’s popularity is resurging, according to findings from International Ice Cream Association member companies.

5) DPW Washington: The Department of Homeland Security announced certain young people who were brought to the United States as young children, do not present a risk to national security or public safety, and meet several key criteria will be considered for relief from deportation. Also, both United States’ neighbors are joining Trans-Pacific Partnership (TPP) trade talks, but U.S. dairy organizations want Canada to change dairy policies.

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Dave Natzke, Editor

Editorial Director – DairyBusiness Communications

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