Five Midwestern dairy groups evaluating solutions to federal milk pricing issues recently sent their comprehensive focus to Agriculture Secretary Tom Vilsack. The groups seek a broad scope of focus should there be a Federal Milk Marketing Orders emergency hearing about reform. In April, the groups announced a proposal called Class III Plus, aimed at creating long-term stability in fluid milk pricing and reducing the likelihood of negative producer price differentials. Class III Plus would tie the Class I price to the Class III skim milk price plus an adjuster and do away with advanced pricing. The letter states, "We believe in order reform, but we would prefer to tackle more than just Class I pricing if we are going to go to the trouble and effort of having a hearing with national scope.” The groups include the Dairy Business Association, Edge Dairy Farmer Cooperative, Minnesota Milk Producers Association, Nebraska State Dairy Association and South Dakota Dairy Producers.
Friday Closing Dairy Market Update - Butter and Cheese Prices Showed Limited Change from Last Week
OVERVIEW: Milk futures posted a strong close in response to the increase in spot prices. Trading volume was large, with the November...
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MILK Class III milk futures have finished a very volatile week as emotions ran high as a result of the outside influence of the stimul...
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OPENING CALLS: Class III Milk Futures: Mixed Class IV Milk Futures: Mixed B...
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Block cheese price climbed 7 cents to move to $1.66, although the last trade was a penny lower at $1.65. Blocks had improved volume as well...
