DairyHerdNetwork Top Stories: Dairy Recovery, Milk Production, Cutting Debt

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Dairy Experts Predicting Modest Recovery In 2011
MILWAUKEE (AP) — Dairy experts are predicting a second straight year of modest recovery for the nation's milk producers. That's a bit of welcome news to dairy farmers still struggling to recover from a devastating 2009.

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Milk Production Continued Its Ascent In December
Milk production in the 23 major states during December totaled 15 billion pounds, up 2.8 percent from December 2009, according to USDA’s Milk Production report released this afternoon.

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Northeast Dairy Farmers Attack Settlement Proposal
KANSAS CITY, Mo. /PRNewswire-USNewswire/ -- Dairy farmers who say attorneys representing them are not looking out for their best interests have filed opposition to the proposed settlement submitted in the class action antitrust lawsuit in the U.S. District Court in Burlington, Vt. Acting on behalf of its dairy farmer owners, Dairy Farmers of America, Inc. (DFA), together with Dairy Marketing Services, LLC (DMS), also has filed objections to this settlement.

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Ag Must Play A Part In Cutting Debt
The recent shootings in Tucson, Ariz., which killed six people and critically injured a member of Congress, have heated up the rhetoric on the Tea Party movement in this country.

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Year-Over-Year Milk Production Increases Adjusting Supply To Demand
The latest USDA forecasts indicate rising feed prices for the 2010/11 crop year. The corn price is forecast to average $4.90 to $5.70 per bushel, and the soybean meal price is forecast to average $320 to $360 per ton. These latest price forecasts represent an increase from last month’s forecasts. Positive processor margins for ethanol and strong exports will contribute to the higher price. Supplies of corn are expected to be lower as yield per harvested acre is expected to be lower than in 2009/10, despite higher planted acreage. Supplies of soybeans and soybean meal are also forecast to be slightly lower than in 2009/10.

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