-November 10,2019-
Dry milk makes a run
Central Valley dairymen have something to celebrate as their most abundant commodity, dry milk for export continues to see higher prices on the world market.
Reports say the CME spot market, NDM advanced 2.25ȼ to $1.205, a five-year high. Combined production of NDM and SMP reached 171.8 million pounds in September, a new high for the month and 6.9% more than September 2018. But demand is more than keeping pace.
U.S. exports of NDM/SMP advanced to 144 million pounds, up 24.2% year-over-year. That’s the highest volume so far in 2019 and a record high for the month of September.
Santa Maria strawberry volume up
Chart shows strawberry production by day in November with the Santa Maria district outproducing both the Oxnard and Salinas regions. Last 2 columns are 2019 and 2018 into order showing California produced less this year on a year to date basis – but not the Sant Maria district.
Half the corn crop unharvested as winter blankets Corn Belt
Politico reports that winter has already arrived in the Corn Belt, and nearly half of the corn crop remains in the field. Farmers are frustrated with sub-par yields, impassable fields, and variable quality./USDA says the cornfield sends at a 4 year low.