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AgDay Daily Recap -April 8, 2014

April 8, 2014
 
 

TODAY ON AGDAY

APRIL 8, 2014

 

RABOBANK BEEF OUTLOOK:

GOOD MORNING I'M TYNE MORGAN, IN FOR CLINTON GRIFFITHS. DESPITE FEARS OF CONSUMER PRICE RESISTANCE, ONE FIRM SEES CATTLE PRICES SHOOTING EVEN HIGHER IN 2014.

HEIFER SUPPLY:

IN DAIRY TODAY, REBUILDING THE U-S DAIRY HERD IS ALSO TAKING LONGER THAN EXPECTED. AND IT'S NOT JUST MOTHER NATURE THAT'S TO BLAME.

CALIFORNIA MILK:

MEANWHILE, HIGHER MILK PRICES AREN'T CAUSING THE SAME SUPPLY REACTION AS IN THE PAST. TYPICALLY, HIGHER PRICES MEANS MORE MILK IN THE PRODUCTION CHAIN. BUT THIS YEAR, THE HARSH WINTER IS DELAYING THAT IN MUCH OF THE MIDWEST AND NORTHEAST. ONE AREA THAT'S SEEING THE REVERSE IS CALIFORNIA.

RAW MILK:

MEANWHILE, ANOTHER STATE TAKES A STAND AGAINST RAW MILK SALES. THE MAINE STATE LEGISLATURE REJECTED A BILL THAT WOULD ALLOW FARMERS IN THE STATE SELL UNPASTEURIZED MILK DIRECTLY TO CONSUMERS. THE BILL FAILED 71 TO 65. IT WAS SIMILAR TO A MEASURE VETOED BY THE GOVERNOR IN 2013.
JAPAN:

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