Fonterra says milk intakes will not be down that much

The New Zealand dairy giant Fonterra has revised its 2014-15 milk intake estimate. Previously the cooperative had predicted production would be 3.3 percent below last year but now they say it will be just 2 percent lower.  The increase reflects improved weather conditions on the drought-stricken South Island.  Fonterra also raised their estimate of the… Read more »

Fonterra reduces dividend

Continued difficult times for New Zealand dairy producers. Fonterra, the nation’s largest dairy cooperative reports net profit for the six months ending January 31st totaled $183 million down 16 percent from the same period a year ago.  As a result, the co-op kept its farmgate milk price at 4.70 per kilogram of milk solids but… Read more »

Farmer financial status going into spring

The downturn in milk prices has altered the cash flow for dairy producers going into spring planting. Larry Johnson with Greenstone Farm Credit says producers knew the downturn was coming and positioned themselves to withstand the cycle.  He says about 70 percent of their operators are in the Margin Protection Program.  He, like many, anticipates… Read more »

Ohio House and Senate pass SB1

State Legislature

Legislation to address water quality and nutrient management issues in the state has passed. The Ohio Senate and House of Representatives on Wednesday, March 25, passed SB1, a bill that Tommy Price of Putnam County, President of the Ohio Soybean Association (OSA) says they support because of its science-based approach to addressing the issues. “We… Read more »

Cheese remains solid

Futures Markets copy

Cash cheese and nonfat dry milk prices held steady on the Chicago Mercantile Exchange on Wednesday. Butter increased a half-cent on one unfilled bid.  Class III futures nudged higher with the October, November and December contracts at $17 or higher. National Dairy Products Sales Report for the week ending March 21st; cheddar cheese blocks averaged… Read more »

Dairy bill passage ‘delights’ industry leader

Missouri Dairy Association Executive Director Dave Drennan says he’s delighted by passage of Missouri’s Dairy Revitalization Act. “Help can’t come soon enough for our dairy farmers,” Drennan told Brownfield Ag News following the bill’s passage.  “Our concern is the loss of dairy farms, the economic hit the state has suffered over a number of years,… Read more »

Higher producing cows are more environmentally friendly

Researchers at the University of Wisconsin – Madison have found that not only are higher-producing dairy cows more profitable, they are more environmentally sound as well. Dr. Victor Cabrera says they used the Integrated Farm System Model to emulate a 100-cow dairy with 100 hectares (247 acres) in Southern Wisconsin from 1986 to 2010. The… Read more »

Missouri dairy bill goes to governor

State Legislature

The Dairy Revitalization Act is on its way to Governor Jay Nixon. The bill passed the Missouri House earlier this year and passed the Senate on Thursday. The bill would create a subsidy of up to 70-percent of the cost of federal margin insurance for Missouri dairy producers. The Missouri Dairy Association is urging the… Read more »

February milk production up 1.7%

Milk production in the United States in February totaled 16.2 billion pounds up 1.7 percent from February of 2014. The nation’s dairy herd increased 100,000 from a year ago to 9.31 million head and production per cow increased 9 pounds to average 1,736. Milk production in the 23 major dairy states was 15.1 billion pounds… Read more »

National Ag Day celebrated

Today is National Ag Day being celebrated in many ways across the country. US Ag Secretary Tom Vilsack says U.S. agriculture is an incredible success, “Because of the extraordinary success of American agriculture, the rest of us have become free to pursue our hopes and dreams in a variety of other professions and occupations and jobs…. Read more »