Weekly dairy cow slaughter under federal inspection
Week ending Feb. 22: 58,400 head
Year-to-date (YTD) 2014: 470,000 head
YTD compared to same period 2013: -47,300 head
Highlights: For the week, 30% came from USDA Zone 5 (IL, IN, MI, MN, OH & WI); 26% came from USDA Zone 9 (AZ, CA, HI & NV).
Source: USDA Weekly Cow Slaughter Report
FAO February food, dairy price index up
Global dairy prices rose in February 2014, surpassing the rate of increase for all foods included in the United Nations’ Food and Agriculture Organization (FAO) Food Price Index. The FAO Food Price Index is a measure of the monthly change in international prices of a basket of five food commodities – cereal, vegetable oil, dairy, meat and sugar.
The FAO Dairy Price Index rose 2.9% over January. Demand for all dairy products remains firm, especially from North Africa, the Middle East (SMP and WMP) and the Russian Federation (butter). Limited supplies have lent support to prices, with the index currently standing 31.3% above its level in February 2013. Mild weather in some regions of Western Europe has provided the basis for a strong start to the 2014/15 season, which will only peak in April-May. Meanwhile, export supplies in Oceania remain limited.
The FAO Meat Price Index declined 0.5% from January, but that decline was primarily due to pork and lamb/mutton. Beef held steady.
Overall, the FAO Food Price Index was up 2.6% from January, but still 2.1% below February last year. For the month, sugar and vegetable oils rose by 6.2% and 4.9%, respectively, with cereals up 3.6%, the strongest rise since July 2012.