Week In Review: Top Dairy Stories Of The Week
#10 The One Bright Spot in Fluid Milk Sales
Though fluid milk sales have plummeted nearly 3.7 billion pounds between 2013 and 2017 the milk-fat content of those sales has actually increased due to the resurgence of whole milk sales. Full analysis here.
#9 Dairy Economists Cautiously Optimistic for Second Half of 2019-and Beyond
Economists Bob Cropp and Mark Stephenson do think prices will remain high for the rest of the year. They also urge farmers to enroll for Dairy Margin Coverage (DMC) but caution dairy trade, “Is a little like musical chairs.” You don’t want to miss this monthly market coverage here.
#8 California Companies Complete Dairy Renewable Natural Gas Facility
While some say cow farts aren’t sustainable, a processing plant in California is set to convert methane from 75,000 cows, the equivalent of removing 25,000 passenger cars from the road for a year. Consider sharing this article with your friends.
#7 Canada continues to undercut world powder prices
A lot more is hinging on the United States-Mexico-Canada Agreement (USMCA) has a lot bigger impact than many may realize. Canada, currently undercutting world prices for skim milk powder, has agreed to phase out the Class 7 products. However, until that passes, Canada will continue to do so. Find the full update here.
#6 USDA Will Purchase $68 Million Worth of Milk
The good news is the dairy industry may get an economic boost. The bad news is trade tensions still continue, and this purchase is to make up for challenges. The purchases will target products impacted by trade retaliation. Full story here.
#5 MFP 2019 Will Pay Dairy 20 Cents Per CWT
If you were in the dairy business as of June 1, 2019, you qualify for $0.20 per hundredweight based on production history. Market Facilitation Payment (MFP) for crop acres vary from $15 to $150. More on MFP distribution here.
#4 Vilsack: USMCA Can Be Trade Catalyst
So much happened in politics this week, Vilsack’s testimony to the Senate Finance Committee urging Congress to ratify the United States-Mexico-Canada Agreement (USMCA) may have been a bit overshadowed. It could be a major boost for the dairy industry. Full story here.
#3 When Should You Fire Your Child?
For every great story about families aligning to create a great family business, there is another story about family relationships that don’t work. If you’re wondering how to have a difficult conversation, or even if the conversation is needed, read more here.
#2 Activist Group Targets fairlife, Again
Somewhere within the activist playbook is the chapter “how to get the most bang for your buck.” The first piece of advice in that chapter is to target the biggest brands possible. It isn’t in fairlife’s favor that they have ties to Coca-Cola. More on that here.
#1 We will have the highest milk prices since 2014
Finally, the news we’ve all been waiting for- milk prices showing a tiny sign of life. Can we all just take a minute to celebrate?! However, we also need to recognize this success has come at a cost for others. Higher price is largely driven by decreased milk production, and this trend is expected to continue for a while longer. Read more here.