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Bonus content: More on risk management: Lookout Ridge Consulting Valley Futures Trading While it’s not always possible to lock in a margin through hedging, knowing your cost of production and monthly cash flow needs are critical in any risk management plan.
Agriculture Secretary Tom Vilsack today announced the appointment of 12 members to the National Dairy Promotion and Research Board. All appointees will serve 3-year terms beginning immediately.
The national beef checkoff program will debut a new advertising approach in May that focuses consumer attention on specific cuts of beef and their taste and protein positives.
USDA raised its 2010 milk production forecast as the pace of herd reduction falls from last month’s level.
Cooperatives Working Together announced today that it accepted six export assistance bids last week for the sale of butter, anhydrous milkfat and whole milk powder.
The California dairy industry has “a tremendous opportunity” in the China market, says Western United Dairymen CEO Michael Marsh, who’s just returned from a 10-day trade mission sponsored by the California Milk Advisory Board.
Cooperatives Working Together announced today that it accepted five export assistance bids last week for the sale of cheese, butter, anhydrous milkfat and whole milk powder.
Dairy Farmers of America, Inc. (DFA) announced today that it has reached a settlement with the Commodity Futures Trading Commission (CFTC) for a civil monetary penalty of $12 million.
Volatility in dairy prices has now reached record levels, according to Dairy Policy Briefings pulled together by the Universities of Missouri and Wisconsin.
In testimony before the U.S. House Committee on Agriculture today, Colorado dairy producer Les Hardesty highlighted industry efforts to develop a single national dairy policy that addresses volatility and provides stronger support for dairy farmers in times of low prices.
Rep. Jim Costa (D-Calif.) introduced the Dairy Price Stabilization Act to Congress. Under the program, dairies can choose to maintain current production (plus an allowable year-over-year growth rate based on market conditions) or expand. If they expand, they would pay a fee during the first year of expansion which would be shared with farmers not expanding.
The Milk Income Loss Contract (MILC) program, initiated in December 2001, is coming under more scrutiny as Federal budget deficits climb and as dairy herd size continues to grow, making fewer herds eligible for a smaller share of their annual milk production.
The National Dairy Board elects its 2010 officers.
Ag interests were not uniformly pleased with the House version of climate-change legislation—and the initial offering from the Senate (S. 1733) didn’t help matters much.
Through late May 2010, CWT has assisted in the sale of 34.5 million tons of cheese.
California dairy producers star in their own TV commercials promoting dairy productds.
DairiConcepts, a joint venture between Fonterra and Dairy Farmers of America, has acquired the U.S. hard Italian cheese business of Swiss Family Farms.
Cooperatives Working Together accepted eight export assistance bids last week for the sale of butter, anhydrous milkfat and whole milk powder.
Cooperatives Working Together accepted three export assistance bids last week for the sale of cheese and anhydrous milkfat.
Land O’Lakes, Inc. increased its sales for the first quarter of 2010 by some $120 million over year-earlier levels.
California’s 1,700 dairies have cut their milk production for eight consecutive months, underscoring what some call the worst economic climate the state’s dairy producers have ever seen.
In 2003, as burdensome European regulations and limited expansion opportunities were squeezing the viability out of his small dairy in northern Ireland, Rodney Elliott read in his local newspaper of an agricultural investment tour of South Dakota.
NAFTA provides unfettered access to Canadian market for U.S. high-protein milk ingredients—at least for now.
Shipments of nonfat dry milk/skim milk powder rose, with sales to the Philippines approaching record highs.
September’s decline was triggered by several worldwide developments, which have put U.S. dairy exports at a clear disadvantage.
Dairy price supports and the Milk Income Loss Contract payments are well above trigger levels
Members of California’s Milk Producer Council upset with International Dairy Foods Association stance on dairy supply management
The dairy industry—Dairy Management Inc. (DMI), the National Milk Producers Federation, the International Dairy Foods Association, MilkPEP and the U.S. Dairy Export Federation--have teamed up to provide science-based information that is already available and can be updated as new information becomes available during crisis management events.