The Friday Facts -
A Publication of Dairylea Cooperative Inc. & Dairy Farmers of America's Northeast Council
August 1, 2008      Vol.13     No. 31
For Comments and Questions, Call Karen Cartier at 1-800-654-8838, ext. 5669

July Class III Price

Volatile Cheese Prices Through the Week
Wednesday’s barrel cheese price decline of $.28 per pound was a record. Thursday, the barrel price recovered some, adding back $.15 per pound. On Friday, barrel prices did not change, ending the week at $1.80. Block cheese was volatile as well, but did not decline as much as barrels on Wednesday. At the end of the week, blocks stood at $1.835, a $0.035 per pound difference from barrels. For the week, blocks declined by $0.2325 and barrels by $0.17. Stronger milk production, softer cheese demand and stable to higher cheese inventories, contributed to the cheese price changes this week.

Visit Dairylea, DFA and DMS at Empire Farm Days

Dairylea, DFA and DMS, along with all of the Farm Service Units, will be exhibiting at Empire Farm Days, next Tuesday, Wednesday and Thursday – August 5 - 7. Visit Lot 428 on E. Make-A-Buck Avenue. Stop by and mingle with staff as well as other members and show attendees.

.

The Weekly Grain Report

Market fluctuation (+/- $/ton) compared to:

CBOT Close:
Corn: $5.65 (- $.1225)
Soybean Meal: $373.90 (- $0.80)
Whole Cottonseed (Central NY): $415
• Corn Meal - Favorable weather could help to match trend-line projections. Supply and demand picture still very uncertain.
• Soybean Meal - China is an interested buyer. Non-commercial long liquidation is still noted. Good crop development.
• Canola Meal - Very good supply. Basis jumped up $5. Crop for fall is questionable.
• Whole Cottonseed - Prices dropped off slightly this week. Export business has decreased.

For further information, or to place an order,
contact JoAnn at Eagle Dairy Direct;
Phone: 1-866-591-2925, ext. 5527, or
Email: info@eagledairydirect.com

Regional Livestock Report

Good cows: $.62 - $.69/lb
Lean cows: $.50 - $.61/lb
Heavy beef bulls: $.68 - $.75/lb
Grower type bull calves (back to feed): $.70 - $1.00/lb
Heifer calves: $1.50 - $4.50/lb
Bob veal: $.20 - $.44/lb

Cull cows: 85% sold over $.40
6% sold between $.32 and $.39
3% sold between $.26 and $.31
6% sold under $.25

Calves: 3% sold over $2.00
5% sold between $1.00 and $1.99
13% sold between $.70 and $.99
20% sold between $.40 and $.69
59% sold under $.40

Fresh Cows: $1400 – $1675
Springing Cows: $1100 – $1600
Fresh Heifers: $1000 – $1650
Springing Heifers: $1650 – $2500
Bred Heifers: $1350 – $1900
Open Heifers: $1100 – $1600
Started Heifers: $600– $1200
Service Bulls: $400 – $800

* For information on the Empire direct to packer program, please call 1-800-462-8802.

Weekly Market Prices

*Largest proportion of U.S. NFDM sales fall into this category.

CME Class III Futures Price Settlement