By Darrel Good, ag economist, University of Illinois
Corn prices have come under renewed pressure, with a decline of nearly 20¢/bushel in futures prices over the past week. Those prices are now at the lowest level since October 2014. Old crop basis, however, continues to strengthen seasonally in most markets. The average cash price in central Illinois, for example, was 14¢ under July 2015 futures on April 23, compared to 70¢ under in late September and early October 2014.
Cooperatives Working Together (CWT) has accepted 8 requests for export assistance from Dairy Farmers of America, Northwest Dairy Association (Darigold), and Tillamook County Creamery Association who have contracts to sell 1.122 million pounds (509 metric tons) of Cheddar, Gouda, and Monterey Jack cheese and 85,980 pounds (39 metric tons) of whole milk powder to customers in Asia, the Middle East, and Central and South America. The product has been contracted for delivery in the period from April through October 2015.
Farm Credit East will host a free webinar to review 2014 and discuss the 2015 dairy market, May 4, 11 a.m.-noon (Eastern). “Dairy Update – 2014 Summary Report/2015 Outlook” is open to dairy farmers and other interested parties.
The Class III market took a bit of a breather to close out last week after some big price movements. With the two major reports both supportive to the Class III market, and blocks up 3.5¢, May Class III futures were up 32¢; June was up a massive 65¢.
The U.S. Department of Agriculture's National Institute of Food and Agriculture (NIFA) today announced three grants designed to boost food security by minimizing livestock losses to insects and diseases. The awards to support research, education, and Extension efforts were made through NIFA's Agriculture and Food Research Initiative (AFRI), which is authorized by the 2014 Farm Bill.
"We're feeding the world" is a mantra often used by those involved in farming and food to build support for modern food production systems. However, the latest research from The Center for Food Integrity (CFI) shows that most consumers don't seem to care.
Open cows that aren't cycling normally can hamper successful reproduction. This article, the first in a series on cyclicity, defines the terms anovulation and anestrous. Though similarly problematic, the causes and potential corrective actions for anovulation or anestrous conditions in a dairy cow are different.
To benefit a broad segment of the global dairy industry, the ADSA Foundation will undertake another major initiative, this time to meet the growing information needs of dairy farmers, service professionals, and students worldwide. In 1978, a symposium designed specifically to produce a book, Large Dairy Herd Management (LDHM), was held in Gainesville, Florida.