CWT assists with 47,179 lbs. of cheese export sales
Cooperatives Working Together (CWT) accepted two requests for export assistance to sell 47,179 lbs. of cheddar cheese in Asia and the Middle East. Bids were accepted from CWT-member co-ops Dairy Farmers of America and Tillamook County Creamery Association. The product will be delivered December 2014.
Year-to-date, CWT has assisted member cooperatives in selling 99.150 million lbs. of cheese, 53.591 million lbs. of butter and 56.729 million lbs. of whole milk powder to 45 countries on six continents. These sales are the equivalent of 2.535 billion lbs. of milk on a milkfat basis. Numbers are adjusted for cancellations.
Sulphur Springs Dairy Auction
Dairy replacement sales results from Sulphur Spring, Texas, on Nov. 20. 216 head sold.
Fresh cows: 2200-3250
Holstein Springers: 2000-2675
Breeding age heifers: 1025-1350
Small heifers: 400-975
Heifer calves: 100-440
Dairy consumer, producer price forecasts
USDA’s Economic Research Service kept projected consumer dairy product prices steady with last month. The agency said dairy product prices will rise 3.0%-4.0% in 2014, and 2.5%-3.5% in 2015. Both are slightly above the anticipated increase for all foods either consumed at or away from home.
Consumer dairy product prices rose just 0.1% in 2013, after increasing 2.1% in 2012. The 20-year annual average is 2.7%.
The Consumer Price Index (CPI) for food measures the average change over time in the prices paid by urban consumers for a representative market basket of consumer goods and services.
October 2014 retail dairy product prices increased 0.5% from September 2014, and were up 5.6% compared to October 2013.
ERS also analyzes and models forecasts for the Producer Price Index (PPI), the average change in prices paid to domestic producers for their output. October 2014 farm-level milk prices increased 1.2% from September 2014, and were 22.2% higher than October 2013. October 2014 wholesale dairy prices rose 0.7% from September 2014, and remained 13.7% above October 2013.
According to full-year PPI projections, 2014 farm-level milk prices are expected to rise 19.0%-20.0%, after increasing 8.1% in 2013. Wholesale dairy prices are projected to increase 10.0% to 11.0% in 2014, after increasing 3.6% in 2013.