Cooperatives Working Together (CWT) accepted seven requests for export assistance to sell 1.056 million lbs. of cheddar, Colby-Jack and Gouda cheese to customers in Asia and the South Pacific. Bids were accepted from CWT-member cooperatives Dairy Farmers of America (DFA) and Tillamook County Creamery Association. The product will be delivered December 2014 through June 2015.
Nationally, November milk production was estimated at 16.54 billion lbs., up 3.4% from November 2013, according to USDA’s monthly report, released Dec. 19. Early reports from marketers say the report is somewhat bullish for milk prices.
Review of the new long range climate outlooks released today from the National Oceanic and Atmospheric Administration's (NOAA) Climate Prediction Center indicate that the wide variability in temperature swings of fall and winter are likely to continue; and the potential for a weak El Niño lingers, explained Dennis Todey, South Dakota State Climatologist & SDSU Extension Climate Specialist.
By Bradley L. Zwilling, Brandy M. Krapf, and Dwight D. Raab, University of Illinois
Higher milk prices were not enough to offset higher costs resulting in total economic costs exceeding returns for Illinois dairy producers in 2013, according to figures summarized by University of Illinois agricultural economists in cooperation with the Illinois Farm Business Farm Management Association.
USDA will release November’s milk production figures this afternoon. Generally, anything north of a 5.0% increase will be perceived as bearish, while a percentage increase of less than 4.0% – while not bullish per se – will be seen as less than expected, and therefore bullish versus expectations.