This week in Dairy Profit Weekly:
posted 10/11/2010
1) WASDE, Crop Production reports:
USDA’s World Ag Supply & Demand Estimates (WASDE) and Crop
Production reports see slight improvements in milk and dairy product
prices for 2010, but paint a darker outlook for feedstuff prices in
2010-11.
2) DPW Trends: Hay
production forecast lower; cottonseed
higher. Rubber supply
problems could mean higher costs
in the milking parlor and for tractor and truck tires.
3) DPW Numbers: August
and year-to-date dairy product production numbers are out. As you might
expect, there’s less butter, more cheese.
4) Russian trade paradox:
There are two sides of the Russian trade coin.
First, Russia moved closer to joining the World Trade
Organization. In the shadow of that news, however, Russia said
it will close its borders to commodities – including dairy –
from all countries that have not established a list of plants meeting Russian
requirements. That includes the United States.
5) DPW Washington: USDA’s
Dairy Industry Advisory Committee meets
again in Washington D.C., Oct. 12-13, to further discuss dairy policy options.
But with Congress home campaigning for Nov. 2 elections, and as many as 20
pieces of major legislation on the table during the post-election “lame
duck” period beginning in mid-November, any dairy policy changes almost
certainly won’t happen until the 2012 Farm Bill.