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Tell Us What You Think - 8/19/2011

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2011 Class III whipsaws higher Friday after week of lower prices

Markets fall, markets rally…whether its equities, grains or dairy, it’s been rocky of late. Friday, Class III got its dose of the volatile medicine, opening sharply lower and rallying by the end of the day. The bigger the move is in one direction, the bigger the vacuum that is created in the other direction and the more price can move wildly. FULL STORY »

Barrel cheese down 6.5 cents

Class III prices saw declines overnight, and it looked for a brief moment as though they would find support from the bullish USDA grain report Thursday morning. But that was short-lived. During the spot session, barrels were offered lower to start the price movement, falling by 6.5 cents on 4 trades — the first time we’ve seen more than one trade since July 6 and the last time we saw more than 3 trades in a week was June 13th through the 17th where 5 trades occurred. FULL STORY »

Top USDA scientist says agricultural research important to U.S. growth

The chief scientist for the U.S. Department of Agriculture contends that agricultural research being conducted in Kansas will have a “payoff for everybody.” FULL STORY »

Dairy markets under more sell pressure Wednesday

The stable spot market couldn’t stop futures from plummeting though most of 2011. The spot market remained quiet yesterday with blocks remaining unchanged at $2.10 and barrels at $2.1350 with no bids, offers or trades. FULL STORY »

Class III consolidates; butter/powder weak Tuesday

What started out looking much weaker ended calmly Tuesday. Follow-through selling from Monday prompted 2011 Class III futures to start yesterday’s session largely on weaker footing. Futures selling cooled ahead of the spot market trade. FULL STORY »

Dairy trade isolated from financial market declines, but not ignoring them

Sunday’s evening session started higher, but the debt downgrade panic that inspired a 600 + point drop on the DOW crept ever so slightly into dairy and prices slipped early. Once the spot cheese session kicked off and buyers were nowhere to be found, the futures slide began in force. FULL STORY »

Poll finds concern about animal welfare, doubt about new regulations

Nearly 70 percent of rural Nebraskans define animal welfare in terms similar to those promoted by advocacy groups, but most don't think increased regulation of the state's livestock practices is necessary to ensure proper care of animals in the state, according to the latest Nebraska Rural Poll. FULL STORY »

Dairy outlook: Prices for the year decidedly better than at this time last month

Nearby milk and dairy product prices have risen, and the outlook for the rest of the year is decidedly better than at this time last month. FULL STORY »

Block cheese unchanged at $2.1325

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Study shows nutrients in milk decrease threat of skin cancer

KMVT-TV reports nutrients in milk, including Vitamin D and Calcium help to prevent skin cancer by up to 57 percent. FULL STORY »

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