DairyBusiness Update for 11.25.13
2013 corn harvest winding down
As of Nov. 24, about 95% of the corn crop in the major 18 corn-producing states was harvested, compared to 100% for the comparable week a year ago, and 91% for the five-year average, according to USDA’s weekly USDA Crop Progress report.
USDA did not include a summary of the 2013 soybean harvest this week. As of Nov. 17, about 95% of the soybeans in the 18 major states were harvested, compared to 98% a year ago and the five-year average of 96%.
USDA’s National Ag Statistics Service will survey approximately 90,000 U.S. producers in the first two weeks of December. One of USDA’s largest survey efforts, the responses will provide the final information about the 2013 U.S. row crops focusing on harvested acreage, production and storage. Information will be included in an Annual Crop Production Summary, to be released on Jan. 10
Corn market functioning as needed?
Corn prices showed a small rally following USDA's Nov. 8 Crop Production report that contained a corn production forecast that was not quite as large as expected, according to University of Illinois ag economist Darrel Good. Since then, however, new lows have been established and prices are currently only about 10¢ above the pre-report level. Continue reading at: http://farmdocdaily.illinois.edu/2013/11/corn-market-functioning-as-needed.html
Tick threat returns ‘down under’
Dairy producers in the Waikato region of New Zealand are dealing with a parasite infection and anemia in cattle, according to FC Stone’s eDairy Insider Opening Bell this morning. The tick-borne parasite Theileria orientalis has been known in New Zealand for more than 30 years, report scientists with the New Zealand Ministry for Primary Industries. However, the ikeda strain first was found in the country in 2012.
In its inaugural year, the Movember Dairy movement is making a splash in the dairy industry, helping to start conversations about the importance of men’s health. The conversation grew louder throughout the month as industry members joined the fight against prostate cancer through the campaign’s ‘MoTour.’
The ‘MoTour’ occurred throughout the month of November with the participation of a wide variety of industry members. Through the ‘MoTour,’ members of the Movember Dairy coalition brought the message of the movement to area businesses, along with a 6-foot mustache. The giant mustache served as a talking point for the dairy industry with the goal of encouraging dairy producers to set up appointments for annual health screenings. Read more ...
The Animal Agriculture Alliance announced the results of its fifth annual College Aggies Online (CAO) scholarship competition. The nationwide program aims to help college students utilize social media and advocacy to share agriculture’s story.
Each week, individual participants received assignments, called “Aggies Homework”. This year's Aggies Homework focused on a specific social media platform or a segment of the agriculture community. This fall, CAO participants engaged with the public by utilizing Twitter, Facebook, Pinterest, LinkedIn and Instagram as well as by writing blog posts. Additionally, industry experts, including agriculture journalists, food bloggers, and representatives from several of the protein trade associations hosted webinars or tweet-ups to help educate participants about the pertinent issues facing the industry and how to communicate those to the public.
Members of the University of Wisconsin, Madison Association of Women in Agriculture formed the top-scoring club with 244,387 total points. The club will receive a $5,000 prize and a trip for two club representatives to Washington, D.C. where they will attend the Alliance’s annual Stakeholders Summit and be formally recognized. Louisiana State University Les Voyageurs came in second, followed by clubs at both Oklahoma State University and Montana State University.
Individual high score went to Nikki Little of Auburn University; Katherine E. Griswold, of the University of Wisconsin-Madison, came in second ; and Jessy Eggerling a student at South Dakota State University, took third. Read more ...
Mielke’s Market Daily
(A daily wrap-up of dairy markets and the things affecting them, from DairyBusiness Update associate editor Lee Mielke)
Cash traders have three days to buy and sell this week, due to the Thanksgiving holiday closing the market Thursday and Friday. Last Friday’s October Cold Storage report should be bullish for butter and cheese, according to FC Stone dairy economist Bill Brooks.
High Ground Dairy’s Eric Meyer wrote in his Monday analysis: “Some may view the strong monthly drawdowns as bullish to the market, but we do not see the October Cold Storage having a dramatic impact on current spot prices of either cheese or butter. While we may see a knee-jerk reaction or support in sympathy to a strong nonfat dry milk market, we anticipate spot cheese and butter prices rolling back in December as holiday demand wanes and excess milk looks for a home.”
Block cheddar cheese jumped 1.5¢ this morning, following Friday’s 1.5¢ gain, and is now trading at $1.85/lb. One car sold at $1.8475/lb. and 2 at $1.85/lb. A bid at $1.85/lb. went unfilled. The barrels are heading in the opposite direction, down 0.75¢ this morning, after losing 0.5¢ Friday, and are now trading at $1.7475/lb. The first sale was at $1.75/lb., the next one took the price to $1.7475/lb. An offer at $1.7575/lb. was left on the board. Today’s spread jumped to 10.25¢.
Friday saw the butter price gain 2¢ on a sale. Somebody had more to sell this morning, offering it at $1.6650/lb., but got no takers. The price is down 1.5¢ on the day.,
Cash Grade A nonfat dry milk held at $1.9850/lb., following Friday’s 2¢ jump on a bid. A bid at that price this morning also went unfilled. Extra Grade remained at $1.9750, after gaining 1¢ Friday on a bid. There was no activity today.
Today’s market closing prices:
Butter: down 1.5¢, to $1.6650/lb.
Cheddar blocks: up 1.5¢, to $1.85/lb.
Cheddar barrels: down 0.75¢, to $1.7475/lb.
Grade A nonfat dry milk: unchanged, at $1.9850/lb.
Extra Grade nonfat dry milk: unchanged, at $1.9750/lb.
Coming up: This month’s Ag Prices report will be issued Wednesday afternoon and will include USDA’s latest milk feed price ratio. That’s it for the week as far as USDA reports. Next week offers a little more. The California Department of Food and Agriculture announces its November Class 4a and 4b milk prices. USDA issues its monthly Dairy Products report on Tuesday and USDA announces November federal order Class milk prices on Wednesday.
Tuesday on DairyLine:
• Ag Secretary Vilsack voices displeasure over possible Farm Bill extension.
• Calf management programs have come a long way through the years. Purina’s Gary Geisler explains.
Enter the holiday dairy photo contest
We want to see your best farm-related holiday photos. Maybe your Holstein is acting as Rudolph, or perhaps you’re dressed like elves by the farm sign. Either way, we hope you’ll share! A grand prize winner will be selected and will receive a new digital camera in addition to a possible future cover on DairyBusiness Weekly. To enter, send your best photo with caption to firstname.lastname@example.org by Friday, Dec. 20.
Rules: One entry per contestant. Photos entered in previous contests are not eligible. High resolution photos are preferred.
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