This week in DairyProfit Weekly: Aug. 6, 2012Print
This week in DairyProfit Weekly:
1) Recess and drought relief: The House avoided floor debate on the 2012 Farm Bill and gave up on trying to extend the 2008 Farm Bill for one year, instead pushing through a $383 million disaster aid package for U.S. livestock producers. With Congress headed for a recess, it's uncertain what happens next.
2) Dairy debate: The Congressional Budget Office provided some cost estimates for proposed dairy programs, finding savings over current programs. However, International Dairy Foods Association cited potential costs of unfunded private-sector mandates in the same report.
3) Ethanol: Dairy among groups asking for an EPA ethanol renewable fuels standard waiver to help address corn prices. Ethanol makers say it would negatively impact U.S. energy strategies, and won't have a big impact on average corn prices.
4) DPW Trends: July milk-feed price ratio tumbles; manufacturing class milk prices improve somewhat; cull and replacement cow prices dip.
5) DPW Washington: House passes estate tax rate extension, raises on-farm fuel storage capacity exemption for EPA oil spill containment rule.
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Dave Natzke, Editor
Editorial Director – DairyBusiness Communications
7221 Country Village Dr.
Wisconsin Rapids, WI 54494