Dairy Outlook: November All-Milk Price Falls, But Near Highest Of 2010
The November all-milk price was the second highest of 2010, trailing only October. The Class III and Class IV prices were down, especially Class III, but the pricing system has the all-milk price trail market conditions. The PA all-milk price fell $0.40/cwt. to $20.10/cwt. The Class III price fell by $1.50, and the Class IV price fell by $0.47. Commodity markets continue to be unstable. The cheese market is 8 cents below last month, with CME blocks now at $1.32/lb. The butter market is 35 cents below last month at $1.62/lb. Butter prices fell steadily in the second half of November, but have risen somewhat since. Despite low butter inventories in September, the prices were still high for that level of inventories, and so the price dropped to a level more consistent with the stocks.

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Retail Gasoline & Diesel Prices Up Again
The U.S. average retail price for a gallon of gasoline saw a slight increase of less than a penny versus last week to remain at $2.98 per gallon, $0.39 per gallon higher than last year at this time. In a quiet week for gasoline prices, no major region moved more than half of a cent in either direction. The East Coast, Midwest, Gulf Coast, and Rocky Mountains all gained less than half of a cent. Moving in the other direction, the average West Coast price fell a fraction of a cent. Prices on the West Coast were the highest in the country at $3.19 per gallon, while prices in the Rocky Mountains were the lowest at $2.80 per gallon.

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National Campaign Championing Iowa’s Farmers Launches In Times Square
ANKENY, Iowa – Millions of people gathering in Times Square this holiday season will shop, dine, converse and, on Dec. 31, ring in the New Year. And in the midst of the excitement and celebration, Iowa’s farm families will take center stage, courtesy of “It Starts in Iowa,” an interactive eight-month campaign launched today by the Iowa Soybean Association (ISA).

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High Feed Prices Focus Of Negative 2011 Dairy Outlook
The Journal Sentinel reports the past year was a good one for most farmers, but low milk prices, soaring feed prices and other high expenses could lead some dairy farmers to quit the business in 2011.

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Dairy Industry Gears Up For 2011 National Dairy Producers Conference
ARLINGTON, VA – Dairy producers from around the country will pack their bags and head to Omaha, Nebraska for the May 15-17, 2011 National Dairy Producers Conference (NDPC). Formerly known as the National Dairy Leaders Conference, the NDPC will provide an in-depth discussion of the issues facing the dairy industry, with educational discussions on many of the key challenges looming in 2011.

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