Monday, November 22, 2010

Just in from Milk Producers of Idaho

Dairy Briefs from the Milk Producers of Idaho:

· NEW AG COMMITTEE CHAIRS coming. Senate Ag chair Blanche Lincoln (D-Ark.) defeated. Debbie Stabenow (D-Mich.) possible Lincoln successor. Republicans to control House. Frank Lucas (R-Okla.) likely to head House Ag panel.

· CWT EFFORTS WILL FOCUS solely on export assistance with no more herd retirements. Funding level will be 2 cents per hundredweight. Participation of 75 percent of milk supply needed to make it go. Annual total would be $40 million.

· STILL A BILLION POUNDS of cheese on hand. Stocks up 6.3 percent over 2009. Butter supply down sharply from last year but above 2007 and 2008 levels.

· NEXT YEAR’S ALL-MILK PRICE expected to average about the same as this year’s . . . around $16.50 per hundredweight, says USDA. Class III price expected to average just under $15. Class III futures for 2011 averaged $14.50.

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