DairyBusiness Update for 9.6.13Print
July U.S. dairy cattle exports continue strong pace
July U.S. female dairy cattle exports topped 8,000 head for a second consecutive month, adding up to what is likely the highest two-month total in history, according to USDA’s Foreign Ag Service. At 8,396 head, July exports bring the 2013 total to 37,971, surging well ahead of the 30,285 total for January-July 2012. Record-setting 2011 still holds the top spot, with 42,131 female dairy cattle exports during the first seven months of the year.
Turkey was the top destination for U.S. replacements during July, at 3,554 head. Russia imported 3,059 head, and Mexico remains the 2013 leader, with 1,382 head bringing its January-July total to 13,103.
July U.S. alfalfa exports average
July 2013 U.S. alfalfa exports totaled 158,382 metric tons, about average so far this year, according to USDA’s Foreign Ag Service. The United Arab Emirates (UAE) was the top market, at 52,103 metric tons. UAE was followed by China, at 43,106 metric tons, and Japan, at 36,735 metric tons.
Meanwhile, monthly U.S. exports of other hay totaled 144,835 metric tons in July, also about average. Japan, China and South Korea were the top three markets, taking about 80% of the monthly total.
MARKETS: Cheese jumps, but Class III futures lower
Cash cheese prices jumped this morning, a surprise to many, according to DairyBusiness Update associate editor Lee Mielke. The 40-lb. blocks and 500-lb. barrels were each bid up 2.75¢, to $1.81/lb. and $1.80/lb., respectively. One unfilled bid of each was all it took.
Cheddar blocks had seen three sessions of inactivity in the Labor Day-shortened week, but t came to life this morning and closed 2.75¢ higher on the day and on the week, and just 2¢ below a year ago. Cheddar barrels were up 3¢ on the week and 2.5¢ above a year ago. No cheese was traded on the week.
Butter, following three sessions of loss, regained 1¢ this morning and closed the day and the week at $1.43/lb. Seven cars traded hands this morning; 2 bids at $1.41/lb. and 1 offer at $1.4350/lb. got no response. Butter is down 0.75¢ on the week and 43.5¢ below a year ago. Eight cars were sold on the week.
Grade A nonfat dry milk was up 1¢ on 2 trades, closing at $1.8150/lb. One bid at $1.81 went unfilled. Extra Grade remained at $1.78/lb., with no activity.
Today’s market closing prices:
Butter: up 1¢, to $1.43/lb.
Cheddar blocks: up 2.75¢, to $1.81/lb.
Cheddar barrels: up 2.75¢, to $1.80/lb.
Grade A nonfat dry milk: up 1¢, to $1.8150/lb.
Extra Grade nonfat dry milk: unchanged, at $1.78/lb.
Class III milk: -25¢ to +3¢ through December 2014. Based on current CME closing prices, the September-December 2013 average is $17.53/cwt.; with an overall 2013 average of $17.66/cwt.; and a 2014 average of $16.78/cwt.
Corn higher, soybeans and soybean meal futures mixed to mostly lower
Today’s futures prices at the Chicago Mercantile Exchange:
Corn: +2¢ to +7¢ through December 2014, settling in a range of $4.68-$5.04/bushel.
Soybeans: -12¢ to +14¢ through September 2014, with November 2013 through September 2014 contracts settling in a range of $12.28-$13.68/bushel.
Soybean meal: -$6.30 to +$2.60/ton through September 2014. October 2013-September 2014 contracts settled in a range of $373-$435/ton.
• Nominees are open for the 2014 U.S. Dairy Sustainability Awards – Paul Rovey, DMI chairman reports.
• What’s the next generation of wireless for dairy farmers? Bill Moffitt, president of Ayrstone explains.
California’s October Class 1 milk prices are announced on Tuesday, Sept. 10 by the California Department of Food and Agriculture (CDFA). USDA issues its monthly World Agricultural Supply and Demand Estimate report on Thursday, Sept. 12. CDFA also holds a milk price hearing on Thursday.
Today on Facebook
• Photo of the Day: This year marks the 50th All-American Dairy Show, and since the first event in 1963, six Pennsylvania farm families have remained fixtures in the show ring and behind the scenes, one of which is the Yoder family of Pinesedge Farm, Shoemakersville, Berks County. Pictured during early years of the All-American Dairy Show is Sam Yoder with three of his children (L to R) Fred, Nedra and Sam.
• Will you be at the Premier National Junior Show in Harrisburg next week? If so, take part in our Instagram contest by posting show photos and using #HolsteinWorldPNJS!
• A little Friday humor!
This week in DairyBusiness Update:
1) Thank goodness for exports: Strong global sales offset sluggish domestic markets
2) More (or less) CAFO information: Coalition goes to court on public release of CAFO details
3) Trends: August order prices mostly higher; milk-feed price ratio better
4) Industry: Yogurt news; DFA buys Dairy Maid Dairy
5) Washington: Sustainable Award nominations open; Feinstein wants ICE to back off
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