Department of Agriculture Deputy Secretary Jewel Bronaugh (Bruh-NAW) Wednesday announced the establishment of a $400 million Dairy Donation Program. The program aims to facilitate timely dairy product donations while reducing food waste. The establishment of DDP is part of the $6 billion pandemic assistance USDA announced in March and follows last week's announcement of the $350 million Pandemic Market Volatility Assistance Program for dairy farmers. Under the DDP, eligible dairy organizations will partner with non-profit feeding organizations that distribute food to individuals and families in need. Those partnerships may apply for and receive reimbursements to cover some expenses related to eligible dairy product donations. The program was inspired in part by the donations made by Michigan Milk Producers Association in conjunction with the Food Bank of Eastern Michigan in response to the Flint water crisis. Deputy Secretary Bronaugh says, “Together we can help someone in need, minimize food waste and support the U.S. dairy industry.”
Thursday Closing Dairy Market Update - Markets Mixed
GENERAL OVERVIEW: Class III futures traded lower, while Class IV futures were unchanged to slightly higher. Cheese futures fall later...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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MILK: Milk futures declined for the week, but not as much as should have been seen according to the drop in the spot cheese and butt...
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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...
