This week in DairyProfit Weekly: Nov. 12, 2012

This week in DairyProfit Weekly:

1) USDA reports: USDA’s WASDE report projected a small increase in 2012 milk production, but left 2013 expectations unchanged from a month ago. Price projections were mixed. USDA also released its latest Crop Production report, finding a little more corn and soybeans compared to a month ago.

2) California: Study will look at a California ‘federal order”. There's another petition for a hearing on Class 4b price formula, and familiar battle lines are drawn.

3) DPW Trends: Third-quarter report cards are in on your cows. Gross income from milk sales is good, but net income isn’t as pretty, with high feed costs taking a bigger bite out of cash receipts. 

4) DPW Industry: California Dairies, Inc. announced the acquisition of certain assets of Security Milk Producers Association, a California milk marketing cooperative.

5) DPW Washington: With (most) election returns in, there will be modest changes to congressional committees dealing directly with ag issues. 

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Dave Natzke, Editor

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