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Dairy Farmers Prepared For Ups And Downs
By Mr Ethanol | December 14, 2007
The Capital Times:
How are Wisconsin dairy farmers doing?
Those closely allied with the dairy business are often asked that question by friends, relatives and others not involved in milking cows.
One answer is good, since it appears 2007 dairy income will reach a record high. In the first 11 months of the year, the basic milk price paid producers for 3.5% butterfat milk is $17.80 per hundredweight. That’s $2.41 above the previous record of $15.39 reached in 2004. In addition to that basic, or cheesemilk price, most dairy producers receive premiums for higher protein content, milk quality and milk used for drinking.
In addition, corn and soybean prices are high due to demand from other countries buying our food products at a record pace, and to the energy business (ethanol and biodiesel).
Another answer is not so good because of high fuel prices (farms are run on diesel fuel) and high corn and soybean prices (which many dairy producers must buy). Read it all.
Topics: Agriculture, Biodiesel, Ethanol, Market, News |
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