March FMMO Class III, IV prices steady
Federal order Class III & IV milk prices steadied in March, according to the monthly price announcement from USDA's Ag Marketing Service.
March 2014 prices, compared to previous month and year, include:
• Class III: $23.33/cwt., down 2¢ from February 2014, but $6.40 more than March 2013. It's the first month-to-month decline since June 2013. It's $1.17 more than the comparable California Class 4b price. The 2014 Y-T-D average is $22.61/cwt., up $5.17 from the January-March 2013 average of $17.44/cwt.
• Class IV: $23.66/cwt., up 20¢ from February 2014 and $5.91 more than March 2013. The Class IV price has increased for nine consecutive months. The 2014 Y-T-D average is $23.14/cwt., up $5.43 from the January-March 2013 average of $17.71/cwt.
National Dairy Products Sales Report weekly highlights
USDA’s weekly National Dairy Products Sales Report indicated Grade AA butter prices averaged $1.90/lb. for the week ending March 29, up 4.9¢ from the previous week. U.S. 40-lb. block cheddar cheese averaged $2.35/lb., up 8.1¢ from the previous week. The price for 500-lb. cheddar barrels, adjusted to 38% moisture, averaged $2.32/lb., up 4.1¢.
USDA Extra Grade dry whey averaged 66.7¢/lb., up 1.3¢. USDA Extra Grade nonfat dry milk averaged $2.07/lb., down 1.3¢ from the previous week.
Weekly ethanol production, corn use
Ethanol production data for the week ending March 28:
Ethanol production: 38.7 million gallons/day, the highest weekly average of the year.
Corn used: 13.98 million bushels/day
DIstillers grains production: 91,734 metric tons/day
Source: Renewable Fuels Association
Dairy economists, policy analysts to meet
The 21st Annual National Workshop for Dairy Economists and Policy Analysts will be held May 1-2 in Milwaukee, Wis. Registration deadline is April 18.
The registration fee for the program is $380. The hotel for the workshop is the Hilton Milwaukee, Downtown, 509 West Wisconsin Avenue, Milwaukee, WI.
An optional bus tour of two Wisconsin dairy farms and two dairy plants will be held April 30.
For more information, visit http://www.dairymarkets.org/Workshops/2014Milwaukee/
Canada's Dairytown, Agropur consider merger
Canada's Dairytown Products Ltd. and Agropur Cooperative have concluded an agreement in principle to merge the two organizations.
Dairytown Products Ltd. is located at the heart of New Brunswick's dairy farming community, with access to markets in central Canada and northeast United States. It is a supplier of butter, skim milk powder and custom milk powder blends.