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Fluid milk sales: Whole milk on the rise

USDA released two months of fluid milk sales summaries covering February-March, with year-to-date (YTD) sales of conventional and organic fluid categories both continuing to decline. However, through the first quarter of 2015, whole milk seems to be coming back into favor: Both conventional and organic whole milk sales were up.

News

EPA reduces RFS, but USDA steps in

After a year of delays, the U.S. Environmental Protection Agency (EPA) proposed Renewable Fuel Standards (RFS) for 2014, 2015 and 2016 that are lower than previous goals established by Congress. At the same time, USDA announced funding to strengthen the ethanol marketing infrastructure.

Industry

The mystery behind Swiss cheese holes has been revealed

Since 1917, people have believed that the holes in Swiss cheese are caused by carbon dioxide released by bacteria present in milk. However, a new study from Agroscope and the Swiss Federal Laboratories for Materials Science and Technology found that the culprit is actually hay particles in the milk the cheese is made from.

News

UW Discovery Farms launches Nitrogen Use Efficiency Project

The University of Wisconsin Discovery Farms® program has collected two types of soil samples on over 20 farms in seven counties throughout the state so far this growing season. The farms are participating in a new Nitrogen Use Efficiency Project.

Markets

Dairy markets: ‘Spot‘ prompts strength

Class III and cheese futures were prompted by another round of strength in the spot market yesterday, as the block price continued its march to a fresh 2015 high at $1.68/lb., triggering double-digit moves in nearby Class III contracts.

Markets

Natural gas prices fall modestly

Prices fall modestly through the week at most locations. Prices at most market locations outside of the Northeast fell this week, generally by less than 10%. The Henry Hub spot price began the week at $2.99/MMBtu, fell through the week, and settled yesterday at $2.82/MMBtu. Prices at other major trading hubs moved in a similar pattern; the PG&E Citygate price, serving Northern California, fell from $3.34/MMBtu last Wednesday to $3.19/MMBtu yesterday. Prices at the Chicago Citygate fell from $3.01/MMBtu last Wednesday to close the week at $2.76/MMBtu yesterday.

Products

New Product: New Holland adds to Boomer series

New Holland upgraded its Boomer™ compact tractor series with the launch of the new Tier 4B-compliant Boomer 54D. The 54D is powered by a new 2.2-liter, 3-cylinder turbocharged Common Rail engine, producing 53 hp and maximum torque of 133 ft./lbs.

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