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Vermont Weighs Reforming Dairy Supply, Pricing Systems
Monday, December 28, 2009 (256 reads)
The collapse of Vermont's dairy market is prompting lawmakers, agriculture leaders and farmers to consider overhauling the state's milk-pricing system. Reform supporters are currently focusing on supply-management controls, which could keep farmers from flooding the market with milk and thus driving down prices. Other ideas include uniting all U.S. dairy farmers into one cooperative to control prices.
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Milk Cuts from U.S. Cow Cull May Spur 39% Rally
Sunday, December 27, 2009 (308 reads)
Milk futures will extend their rally next year, jumping 39 percent on average, as reductions in the U.S. dairy herd erase a surplus that sent prices to a six-year low, a University of Missouri economist said. Class III milk, used to make cheese, may average $15.66 per 100 pounds (45 kilograms), compared with $11.27 this year, said Scott Brown, a dairy economist at the Food and Agricultural Policy Research Institute in Columbia, Missouri. Milk futures on the Chicago Mercantile Exchange closed Dec. 18 at $14.83, up 60 percent from this year’s low of $9.24 on Feb. 3.
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US Organic Sector Stays Strong
Sunday, December 27, 2009 (246 reads)
The organic sector has remained resilient over the past year despite the recession, according to new figures from market research organization Mintel. Many analysts had predicted that sales of organic products would shrink along with the economy in 2009 but, in the United States at least, the opposite has been the case. Although the organic sector has seen a significant downturn in other parts of the world, including the UK, where sales have dropped sharply, the US market has stayed strong, with supermarket sales of organic and natural products falling by just 0.3 percent.
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Dairy Leaders Remain Upbeat After Copenhagen
Sunday, December 27, 2009 (231 reads)
Dairy industry leaders remain upbeat about the role that producers and processors can play in tackling climate change, despite the failure of the Copenhagen climate summit to produce a substantive deal.
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Fake Cheese Alarm
Sunday, December 27, 2009 (284 reads)
Dairy Australia strategy and knowledge manager Joanne Bills said the recent economic situation had forced some European retailers to turn to imitation cheese to maintain sales during the global financial crisis. Ms. Bills said manufacturers looking to cut costs sometimes extended natural cheese or processed cheddar by adding lower-priced ingredients.
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