Newsletter Articles

Iowa State Fair to feature unique food and farming celebration

Thousands of canned food items and a committed team of volunteers will converge at the Iowa State Fair Aug. 11-21 to create a first-of-its-kind exhibit at one of the most popular celebrations of food, fun and agriculture in America. The “Together We CAN!” exhibit, presented by the Iowa Food & Family Project (Iowa FFP), will feature the work of Canstruction®, the most unique food charity in the world. FULL STORY »

Farm bill unlikely to cover “local food” growers

At a time when budget cutting is center stage in Washington, D.C., those who grow organic and farmer market fruits and vegetables are bemoaning the lack of any government assistance or “safety net” similar to what commodity grain producers have enjoyed over the years. FULL STORY »

Blocks close lower; Class III spreads narrow

Class III futures kicked off the month of August on a mostly firm note as concern over hot temperatures Midwest temperatures and high feed costs keep selling at bay. The Midwest weather is controlling the market, tightening both available milk production and available fresh cheese production over the past few weeks. FULL STORY »

Dairy markets end July on firm note

Class III prices on Friday continued to climb early on, but were more subdued following a spot session that had the same pattern as most of the week’s activity. Unchanged offers on both the block and the barrel opened the session, but prices were then offered lower to 2.1450. FULL STORY »

Block cheese remains at $2.155

On Thursday, futures prices came out of the gate strongly with prices moving sharply higher on large volume prior to the spot session. September climbed all the way to 20.90 at one point — up 35 cents. FULL STORY »

Farmland values: Shaping more than farm income

Farmland values are often viewed as the bellwether for the U.S. farm sector. Historically, booming farm incomes have been quickly capitalized into farmland values. Over the past year, cropland values in the Corn Belt have jumped more than 25% above year ago levels according to various university and Federal Reserve surveys. FULL STORY »

Class III rallies as spot cheese proves resilient

When Yogi Berra said, “it’s like de ja vu all over again,” he could have been talking about the spot session yesterday. We saw block prices fall before buyers stepped in and lifted prices back up to $2.155, with trades coming all the way up. FULL STORY »

Commentary: Should you really care about carbon footprints?

Last May, a reader chided me after I ran an article on milk’s carbon footprint and how it has gone down over the past 67 years. He wrote, “…do you really think anyone with a brain cares about the ‘carbon footprint’ of milk? Give me a break. Dairy farms are vanishing, the industry is being destroyed by USDA regulations and someone is actually concerned about phantom science. Please concentrate on improved profitability issues and preserving remaining dairies." FULL STORY »

Class III weaker amid stable cheese market

The summer doldrums subsided Tuesday as Class III futures traded 1,883 contracts, more than double the volume of Monday’s quiet session. Prices traded steady to lower to start the day and then sold off sharply ahead of – and during – the CME spot session as offers pushed the price of blocks down 1 cent intra-session. But buyers didn’t back down. They absorbed four loads and bid the price of blocks back to unchanged sending a wave of buying into the August and September contracts. FULL STORY »

Food for less

While U.S. food prices have increased lately to the distress of many, the percentage of disposable income Americans spend on food continues to shrink. According to the USDA’s Economic Research Service, that share averaged 9.4 percent during 2010, matching the record low set in 2009. FULL STORY »

Dog days of summer grip dairy markets

A quiet trade ensued for the Class III market Monday as an extremely active overnight session was followed up on by one of the lowest volume day sessions in quite some time. With the active Sunday night volume it looked like yesterday could end up with very strong volume, and though we reached nearly 500 trades by spot time, total volume crawled to just 892 by the close. FULL STORY »

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