DHM Markets/Marketers: CME, margin tools, corn, IDFA

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CME Group, Chicago, IL

 

 

Daily Cash Trading on Monday, April 14, 2014

 

CLOSE

CHANGE

 

($/lb.)

(¢/lb.)

CHEESE  BARRELS

2.1675

8.75

CHEESE  40# BLOCKS

2.1850

1.50

NONFAT DRY MILK  GRADE A

1.9100

0.25

BUTTER  GRADE AA

1.9300

-4.00

 

CME Class III, April 14, 2014 ($/cwt.)

 

2014

Quarter

2015

Quarter

Jan

21.15

 

18.13

 

Feb

23.35

 

18.00

 

Mar

23.33

22.61

17.92

18.02

Apr

24.09

 

17.65

 

May

22.03

 

17.51

 

June

20.36

22.16

17.56

17.57

July

19.50

 

17.61

 

Aug

19.39

 

17.53

 

Sept

19.37

19.42

17.56

17.57

Oct.

19.00

 

17.50

 

Nov

18.63

 

17.49

 

Dec

18.31

18.65

17.49

17.49

Annual

20.71

 

17.66

 

 

Farm Bill Dairy Margins – A Time Machine

By Marin Bozic, University of Minnesota

How would have the Margin Protection Program for Dairy Producers worked over the past 14 years?

Dr. John Newton (University of Illinois) offers a handy dashboard you can use to play with different scenarios – different coverage levels, production history and coverage percentage. Newton’s gadget is cool in itself, but is really a teaser trailer for a much more comprehensive tool the Dairy Markets and Policy group is preparing for dairy producers. I hope our group will be able to successfully compete to get some of the funds authorized under the Agricultural Act of 2014 for decision-support tools. It would really help us deliver a tool that is very necessary for dairy producers to make a solid decision regarding their participation in the Margin Protection Program.

 

Corn consumption continues to exceed projections

USDA's World Ag Supply &Demand Estimates report projected corn stocks at the end of the current marketing year at 1.331 billion bushels. The projection of year-ending stocks has declined for five consecutive months, and is now 556 million bushels smaller than the November 2013 projection, noted Darrel God, University of Illinois ag economist. Compared to consumption projections made in November, current projections are 100 million bushels larger for corn used for ethanol production, 350 million bushels larger for exports, and 100 million bushels larger for feed and residual use. There have been minor changes in the estimate of stocks at the beginning of the marketing year, the projection of imports, and the projection of other domestic consumption. Read more

 

IDFA to offer webinar on proposed ‘Nutrition Facts’ makeover

The U.S. Food and Drug Administration (FDA) recently proposed sweeping changes to nutrition labels for all packaged foods and beverages, requiring label changes for virtually all dairy products.

If approved, the new labels would place a greater emphasis on total calories, added sugars and change Daily Values for certain nutrients, including Vitamin D and potassium. The FDA also proposes changes to serving size requirements for ice cream and other products in an effort to reflect more accurately the amount that people usually eat or drink.

To help members prepare for these changes, the International DairyFoods Association (IDFA) has developed a new webinar, “Understanding FDA’s Food Nutrition Label Makeover,” which will be held April 17, 2-3:30 p.m. (Eastern). The webinar will led by Cary Frye, IDFA vice president of regulatory and scientific affairs, and Michelle Matto, IDFA’s nutrition and labeling consultant.

Register here. For more information, contact Frye at cfrye@idfa.org or Matto at amfoodnutrition@gmail.com.



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