20:16, 01.04.2009 — Новости
автор: OilWorld.Ru

DJ Low Dairy Prices Trigger USDA Support, Coop Buyout (ENG)


By Lester Aldrich

  DOW JONES NEWSWIRES


  Low dairy prices are triggering U.S. Department of Agriculture support
payments to producers participating in the Milk Income Loss Contract program
and bringing on another round of herd buyouts from a producer cooperative.

  Secretary of Agriculture Tom Vilsack's office said in a release Wednesday the
USDA makes MILC payments on a monthly basis when the Boston Class I milk price
falls below $16.94 per hundredweight as adjusted for feed costs.

  The MILC payment trigger price of $16.94 is adjusted upward when the National
Average Dairy Feed Ration Cost for a month is greater than $7.35 per
hundredweight, the USDA said. The February trigger prices was adjusted to
$17.33, the USDA said.

  Beginning April 1, the USDA said it expects to issue about $150 million to
dairy producers for milk produced in February.

  Also because of continuing low milk prices and extended losses by dairy
producers, Cooperatives Working Together announced Wednesday that it will
conduct its latest herd retirement. Bids will be accepted through May 1.

  Cooperatives Working Together is funded by dairy cooperatives and individual
dairy farmers who are contributing $0.10 per hundredweight assessment on their
milk production through December 2010.

  This is the seventh herd retirement since CWT began operations in the summer
of 2003, the group said.


  

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