DHM Markets/Marketers: CME, disappearance

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Commercial dairy stocks, disappearance

 

 

(million lbs.)

 

 

 

 

February

January

February

 

2013

2014

2014

Beginning stocks

13,456

11,171

11,890

Marketings

15,685

17,216

15,846

Imports

266

333

209

Total supply

29,407

28,720

27,945

Commercial disappearance

14,957

16,830

15,702

Ending stocks

14,450

11,890

12,243

Source: USDA

 

 

 

February commercial disappearance up 5%

February 2014 commercial disappearance of milk used in all dairy products rose 5% from a year ago, but fell slightly below U.S. dairy farmer milk marketings for the month, according to USDA’s monthly Dairy Data report.

Commercial disappearance of milk used in all dairy products during February 2014 totaled 15.70 billion lbs., up 353 million lbs. from February 2013, but about 144 million lbs. less than U.S. producer milk marketings of 15.85 billion lbs. for the month.

Adding to available supplies, beginning commercial stocks totaled 11.89 billion lbs., and imports for the month totaled 209 million lbs., for a total of 27.95 billion lbs. At the end of February 2014, ending commercial stocks totaled 12.24 billion lbs., up about 353 million lbs. compared to January 2014, but still about 2.2 billion lbs. less than February 2013.

Source: USDA

 

Daily Cash Trading on Monday, April 28, 2014

 

 

CLOSE

CHANGE

 

($/lb.)

(¢/lb.)

CHEESE  BARRELS

2.1700

-1.00

CHEESE  40# BLOCKS

2.2000

-1.00

NFDM  GRADE A

1.8050

-0.50

BUTTER  GRADE AA

1.9100

n.c.

 

Turlock Livestock Auction Yard

Dairy replacement sales results from Turlock, Calif., on April 25:

Springers

#1 Hol Springers: $1800-$2375

#2 Hol Springers: $1400-$1775

# 1 Jer Springers: $1500-$2050

# 1 Jer x Springers: $1200-$2000

 

Holstein Bred Heifers: No test

 

Holstein Open Heifers

3 Hd. 534 lbs. @ $ 885

13 Hd. 633 lbs. @ $ 1060

35 Hd. 702 lbs. @ $ 1150

14 Hd. 780 lbs. @ $ 1175

 

 

Upper Midwest Weekly Hay Market: April 25

Compiled by Ken Barnett, UW-Extension

All hay prices quoted are dollars per ton FOB point of origin for alfalfa hay unless otherwise noted.

The information presented in this report is compiled from public and private sales and reports in the Midwest.

 

Demand and Sales Activity

Compared to the previous week, small square bale prices were down 15%. Large square bale prices were up 6%. Large round bale prices were down 1%. Sales activity was very light to active.

For Nebraska, hay prices were steady to $2.10 lower on limited alfalfa hay sales. Producers in some areas noted more calls this week than in previous weeks. Some buyers are starting to get concerned of the dry range conditions. Some producers have been busy planting alfalfa and many are planting corn. Some rain fell in south central and eastern parts of the state with some reports of up to 3 inches. Some new crop, large square bales of certified organic alfalfa testing over 160 RFV has been sold at $250.00 per ton FOB.

For Iowa, hay prices were steady on very limited alfalfa hay sales on light test. Some areas have received moisture while other parts remain dry. There have been a lot of calls on what is your price on new crop, but most producers are not pricing until the hay is cut and baled.

In South Dakota, hay prices were $2.85 lower. There was light to moderate demand this week with continued pressure on the market. Rain was received across parts of the East River region helping to spur on the grass growth which has greened up nicely in the past week. Livestock producers are buying hay as needed to get through to turn out time. High quality dairy hay is in tight supply, but sellers comment how difficult it is to get their hay sold at their current asking prices. Grass hay is in abundant supply which is pressuring that market. Hay producers are starting to get some inquiry on 2014 hay contracts. Normal temperatures have finally arrived and soil temperatures are starting to warm. Spring tillage and planting has started across much of the state.

For Missouri, alfalfa hay prices were steady on very limited alfalfa hay sales. The hay supply is moderate with light demand. Farmers made good progress planting crops in the past week. After a slow start corn planting has progressed to nearly equal to the 5-year average. As typical for this time of year, the hay business is slow. Carryover of last year’s hay is much lighter than anyone would have predicted going into last winter. Although winter moisture was not abundant by any means, cold weather resulted in a lot of hay being fed. Attention is now focused on this year’s crop and many are gearing up for the first cutting of the season which is just a few weeks out in some areas of the state. Equipment is being readied and so far weather is potentially going to allow for some good quality hay as growth rates seem to be at about the right balance to provide both good yield and quality.

In Southwest Minnesota, hay prices were $10.40 lower.

The demand for Illinois hay was good, with moderate to active sales activity. Hay offerings were light to moderate. Hay prices were $4.05 higher.

For Wisconsin, hay prices were $42.25 higher on moderate trading at a quality-tested hay auction in Fennimore. As of April 20, spring tillage was 3% complete statewide, compared to 1% last year and a five year average of 23%. Reporters noted that hay, pasture, winter wheat and winter rye were greening up slowly and it remains too early to make an accurate assessment of winterkill. Pasture conditions improved and were rated at 27% very poor; 21% poor; 31% fair; 20% good; and 1% excellent.

Straw prices in the Midwest averaged $3.61 per small square bale (range of $2.45 to $5.00); $43.23 per large square bale (range of $23.00 to $60.00); and $37.25 per large round bale (range of $29.00 to $60.00). Compared to the previous week, straw prices for small square bales were 4% lower. For large square bales, prices were 17% higher. For large round bales, prices were 3% lower.

The next Weekly Hay Market Demand and Price Report for the Upper Midwest will be posted on May 5. The past several months of the weekly hay reports are archived. To view previous hay reports, go to the Team Forage web site and click on the past hay reports section.

 

Chobani secures $750 million investment from TPG Capital

Chobani announced it has secured a $750 million investment from TPG Capital, a leading global private investment firm and TPG Opportunities Partners, its dedicated credit platform, which will help fund future growth, expansion and innovation. As part of the transaction, TPG will have representation on Chobani's board of directors.

"Chobani has experienced tremendous growth and leads one of the most exciting aisles in the supermarket,” said Hamdi Ulukaya, Chobani founder, CEO and chair. This investment gives us additional resources to build on our momentum, fund our exciting new innovations and reach new people. Most importantly, it positions us to further deliver on our vision to provide better food for more people."

Chobani's 2013 revenues exceeded $1 billion. Chobani uses milk from local-area farms and also gives 10 percent of its annual profits to charities worldwide, including through the Chobani Foundation, the company's charitable arm.

TPG is a leading global private investment firm founded in 1992 with over $59 billion of assets under management. For more information visit www.tpg.com.

Source: Chobani



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