Up and down price movements of dairy commodities in cash market trading at the Chicago Mercantile Exchange are starting to defy logic.
USDA milk production data shows the three biggest dairy states in the Northeast New York, Pennsylvania and Vermont all showing significant slow-downs in milk volume during 2017s second quarter.
At the current rate, either in July or August 2017, the Northeast will be making less milk than in the prior month, one year ago. Forget the January 2017 press statement about three dairy co-ops in Michigan building a massive cheese plant in partnership with Glanbia (from Ireland).
And of course, nothing Big happens in the Northeast without Dairy Farmers of America.
Is this a short-term curio, or a sign of things to come??? The court let stand some aspects of RICO (anti-mafia) claims against Defendants Dairy America and California Dairies, Inc.
Dairy Farmers of America is offering cheap Class III milk to Wisconsin plants from the Mid-East order. But the weekly dairy commodity price survey of manufacturers by USDAs Agricultural Marketing Service didnt go down. In late August, the Courts came down hard on Defendants in dairys long-running milk powder mis-reporting case.
The seriously troubled Northeast looks like its getting ready for some sort of consolidation of dairy co-ops. The nations newest dairy processing plant DFAs milk powder plant in Garden City, Kansas, will open this fall.
At what point do export buyers start to view the U. as an unstable supplier or do they ignore the blather coming from the White House?
Pete Hardin compares the contrasting stock fortunes of two dairy firms The A2 Milk Company, LTD., and Dean Foods (this nations largest fluid milk processor).
Milk production in some states is slowing (Californa, Wisconsin, New York and Pennsylvania).