Dairy market update

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Milk prices continued a generally solid recovery from their late-spring low through August, when the U.S. average all-milk price reached $17.10 per hundredweight. The rise was powered largely by a strong increase in Class III skim milk prices, which also drove up Class I skim prices. However, Class III and Class IV prices dropped in September, and milkfat prices have been drifting downward for the past few months. That indicates milk prices may have reached a ceiling for the time being. The Margin Protection Program monthly feed cost calculation dropped steadily from June through August, and the monthly MPP margin rose by more than $3.50 per hundredweight from its low in June to $9.26 per hundredweight in August.U.S. exports of cheese and lactose are continuing to drop year-over-year, but the rate of decline has decreased steadily in recent months. A similar pattern of decreasing losses turned positive during June–August for nonfat dry milk, skim milk powder and dry whey, as well as for the percent of all U.S. milk solids exported. Exports of whey protein concentrate and isolate have been growing at a steadily increasing pace for most of 2016. These are all strong indications that the long slide in U.S. exports could be bottoming out and a modest recovery is under way. World demand for imported dairy products has picked up recently, and world dairy product prices are reacting positively. Also helping world prices is the recent stalling of the past year’s explosive growth in European Union milk production.U.S. cheese imports dropped during June–August after increasing during the first half of 2016. Casein imports have dropped by double-digit percentages all year, but the percent of total U.S. production represented by imports continues to rise by single-digit percentages.Milk production picked up steam during the summer after rising year-over-year by 1% or less for much of the previous year. Nationwide, production was up 1.6% over a year earlier during June-August. Much of the increase stemmed from faster growth in production per cow, although cow numbers nationally are starting to rise after being virtually flat during the winter and spring. Like the past year, changes at the national level have been an combination of quite varied state patterns.last_img read more

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17 killed in J&K bus accident

first_imgAt least 17 passengers were killed and 16 more injured when a mini bus skidded off the road and plunged into a gorge in Jammu and Kashmir’s Kishtwar district on September 14, officials said. The accident occurred at Dandaran, near Thakrai, when the driver of the mini bus, which was on its way to Kishtwar from the Keshwan area, lost control of it and the vehicle plunged into the over-300-foot gorge, near the Chenab riverbed, on September 14 morning, they said.“A total of 17 persons died and 16 others injured in the unfortunate incident,” District Development Commissioner (Kishtwar) Angrez Singh Rana told PTI. He said the dead included three women and the driver of the ill-fated vehicle Ashraf Hussain.Interestingly, Hussain was fined by the traffic police the day before for overloading, officials said.Mr. Rana said most of the victims died on the spot. One of the 11 critically injured persons, airlifted to Jammu for specialised treatment, was declared brought dead by doctors at the Government Medical College Hospital, Jammu.Officials said the bus was carrying over 30 passengers. They said five of the injured were undergoing treatment at a local hospital and their condition was stated to be “stable”. This is the third major accident in Kishtwar district in the last one month.While 13 Machail Yatra devotees were killed when their cab plunged into a gorge on August 21, seven persons were killed and 12 others injured when two vehicles were hit by boulders a day earlier.last_img read more

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