Part two of our conversation with former Agriculture Secretary Tom Vilsack, President and CEO of the U.S. Dairy Export Council:

President Trump is expected to sign a trade deal with China today and the U.S. Senate is expected to pass the U.S. Mexico Canada Agreement tomorrow. Tom Vilsack, President and CEO of the U.S. Dairy Export Council says both will be good news for the U.S. dairy industry:

The Agriculture Department announced the December Federal Order Class III benchmark milk price on January 2 at $19.37 per hundredweight (cwt.), down $1.08 from November, $5.59 above December 2018, and the highest December price since 2007. That put the 2019 Class III average at $16.96, up from $14.61 in 2018 and $16.17 in 2017. 

        The December Class IV milk price is $16.70 per cwt., up 10 cents from November, $1.61 above a year ago, and the highest Class IV price since August. Its 2019 average is $16.30, up from $14.23 in 2018 and $15.16 in 2017. Courtesy Mielke Market Weekly

The US Agriculture Department announced the November Federal order Class III benchmark milk price at $20.45 per hundredweight this week, up $1.73 from October, $6.01 above November 2018, and the highest Class III price since October 2014.

The eleven month Class III average is $16.74, up from $14.69 at this time a year ago and $16.24 in 2017.

The November Class IV price is $16.60, up 21 cents from October and $1.54 above a year ago. Its average stands at $16.26, up from $14.15 a year ago and $15.31 in 2017. Courtesy Mielke Market Weekly

America’s largest milk producer will sell to Dairy Farmers of America:

Every year, FFA members nationwide converge on the National FFA Convention & Expo to celebrate their accomplishments and find inspiration for their next steps: https://convention.ffa.org/

An online tool from the Center for Dairy Excellence shows the value of dairy in each county in Pennsylvania: http://www.centerfordairyexcellence.org/pa-dairy-goodness-that-matters/calculate-dairys-value/

Bob Cropp and Mark Stephenson discuss the latest dairy market activity on their podcast link:
https://dairymarkets.org/pubpod/podcast/outlook/2019-10.ogv

The Agriculture Department announced the November Federal order Class I base price at $18.14 per hundredweight, up 30 cents from October, $2.62 above November 2018, and the highest Class I since January 2015. It equates to $1.56 per gallon, up from $1.33 a year ago. The 11 month average is $16.78, up from $14.82 a year ago and $16.41 in 2017.
Courtesy: Mielke Market Weekly

Milk-based beverages for active kids and ready-to-drink lattes with collagen are among the nine finalists announced today in the California Milk Advisory Board’s (CMAB) Real California Milk Accelerator dairy startup competition designed to inspire ideas integrating the values of fluid milk into contemporary products and provide resources to help bring them to market.  Read More Here

The Agriculture Department announced the September Federal order Class III benchmark milk price at $18.31 per hundredweight, up 71 cents from August, $2.22 above September 2018, and the highest it has been since November 2014 and compares to California’s September 2018 4b cheese milk price of $15.62. The Class III price equates to about $1.51 per gallon, up from $1.51 in August and $1.38 a year ago.

The nine month Class III average stands at $16.11, up from $14.62 at this time a year ago and compares to $16.12 in 2017.

The September Class IV price is $16.35, down 39 cents from August and the lowest since May, but is $1.54 above a year ago. Its 2019 average stands at $16.21, up from $13.95 a year ago and $15.51 in 2017.
Courtesy Mielke Market Weekly

The U.S. Department of Agriculture (USDA) extended the deadline to September 27 for dairy producers to enroll in the Dairy Margin Coverage (DMC) program for 2019. The deadline had been September 20.

The Agriculture Department announced the October Federal Order Class I base milk price at $17.84 per hundredweight, down a penny from September but $1.51 above October 2018, and the highest October Class I since 2014. The price equates to $1.53 per gallon, up from $1.40 a year ago. The 2019 Class I average stands at $16.64, up from $14.76 a year ago and $16.41 in 2017. Courtesy: Mielke Market Weekly

Serving as the meeting place of the global dairy industry, World Dairy Expo brings together the latest in dairy innovation and the best cattle in North America. Crowds of more than 65,000 people, from nearly 100 countries, will return to Madison, Wis. for the 53^rd annual event, October 1-5, 2019. General Manager Scott Bentley gave Dairy Radio listeners a preview on today’s broadcast:

The Agriculture Department announced the August Federal order Class III benchmark milk price at $17.60 per hundredweight, up a nickel from July, $2.65 above August 2018, and the highest Class III price since December 2014.

The 2019 Class III average stands at $15.83, up from $14.44 at this time a year ago and compares to $16.09 in 2017.

The August Class IV price is $16.74, down 16 cents from July but $2.11 above a year ago and the highest August Class IV since 2014. Its eight month average stands at $16.19, up from $13.85 a year ago and $15.46 in 2017.
Courtesy Mielke Market Weekly

World Dairy Expo is October 1-5, 2019 in Madison, Wisconsin. If you are entering cattle to compete on the legendary colored shavings, entry fees increase on Sunday, September 8 after 11:59 p.m. (CST). Electronic entries will remain open through September 19, with paper entries continuing to be accepted until the day of the show, both for an increased fee. Read More

The Agriculture Department announced the September Federal order Class I base milk price at $17.85 per hundredweight, down 4 cents from August but $3.00 above September 2018 and the highest September Class I since 2014. It equates to $1.53 per gallon, up from $1.28 a year ago. The nine month average stands at $16.51, up from $14.58 a year ago and $16.41 in 2017. Courtesy Mielke Market Weekly

There is a lot of misinformation thrown around these days, especially online. In Hype, Dr. Nina Shapiro distinguishes between the falsehoods and the evidence-backed truth. 

In a letter to the U.S. Trade Representative and the U.S. Secretary of Agriculture, the dairy industry is asking the U.S. government to capitalize on the conclusion of Japan’s national elections and quickly finalize a strong trade deal with Japan in order to secure critical market access for the dairy industry here at home. Read More