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Articles from 2017 In September


Dairy industry urges Japan to preserve common cheese names

nevodka/iStock/Thinkstock Dairy products including milk, cheese, butter and yogurt displayed on white wood

Japan’s agriculture officials must respect current market access between Japan and its trading partners, including the U.S., when reviewing a list of geographical indications (GIs) proposed by the European Union (EU), or else risk disrupting one of the world’s largest consumer marketplaces, the U.S. dairy industry urged.

In a letter to Japan's minister of agriculture, forestry and fisheries, leaders from the National Milk Producers Federation (NMPF), the U.S. Dairy Export Council (USDEC) and the International Dairy Foods Assn. (IDFA) said it is imperative that Japan “not overlook the enormous significance of the EU food name list for Japanese consumers and producers and for your lasting relationships with key international trading partners.”

The EU is in the final stages of negotiating a free trade agreement with Japan, establishing the rules of commerce for hundreds of food products produced in each region. In doing so, the EU is seeking to monopolize a long list of common names under the guise of GIs in trade deals with Japan and other nations, including China and Mexico, the groups said. This campaign attempts to restrict generic product names such as parmesan, feta and asiago to products made only by EU producers and runs counter to international trade commitments.

The Consortium for Common Food Names and U.S. dairy groups have argued that this strategy is intended to deprive U.S. manufacturers of markets that local industries have developed. The EU’s goal of co-opting these terms would limit sales from non-EU companies to benefit European marketers, thereby stifling healthy competition among food producers all over the world.

“This is a critical moment for Japan as your nation prepares to review hundreds of food and beverage terms; the decisions Japan makes will have lasting impact for years to come,” the letter said. “We urge you to make sure that the steps you take do not unnecessarily limit healthy trade and competition within your market.”

The letter cited Canada’s decision to acquiesce to EU pressure, which has negatively affected its producers, consumers and trade partners. The U.S. dairy leaders insisted that Japan can avoid this fate by helping finalize a list of GIs that does not “encroach on generic names and terms.” For example, “Parmigiano Reggiano” is an acceptable geographical term, but the common name “parmesan” is already used by non-EU producers and widely used in Japan.

“For the good of our trade relationship, it is imperative that Japan’s efficient and transparent GI review process ensures that generic names and terms remain accessible to all,” NMPF president and chief executive officer Jim Mulhern said. “We encourage Japanese government officials to continue on this course and to respect their own laws and international agreements with the United States.”

“Wholesale acceptance of the EU’s proposed GI list would not only unfairly limit the ability of U.S. and other nations’ cheese-makers to do business in Japan; it would negatively impact Japanese consumers and cheese producers,” USDEC president and CEO Tom Vilsack said. “We urge Japan to consider the confusion, marketplace disruptions and inflated prices that would ensue by restricting common cheese names, as the EU desires.”

IDFA president and CEO Dr. Michael Dykes added, “American dairy companies shipped $117 million of cheese products last year to Japan, which is the third-largest market for U.S. cheeses. We believe that trade agreements should break down barriers, not erect new ones, and we urge Japanese government officials to reject the EU’s attempts to block common food names and fair market access for U.S. companies.”

The Consortium for Common Food Names, of which all three dairy groups are a part, has been instrumental in opposing any attempt to monopolize common food names that have become part of the public domain. It has been coordinating U.S. industry submissions to the Japanese government to defend common food terms that appear on the EU’s list of GIs. The consortium seeks an appropriate model for protecting both legitimate GIs and generic food names.

RIN changes causing biofuel industry concern

Jim Parkin iStock ethanol plant in corn fields
BETTER DAYS AHEAD FOR ETHANOL: Outlook improving for biofuels sector after plagued by refinery exemptions, trade wars, then COVID shutdowns.

Emerging media reports have revealed an effort by oil refiner Valero to encourage the Environmental Protection Agency to attach renewable identification numbers (RINs) to exported biofuels, primarily corn-based ethanol.

Ethanol industry supporters said this action would run counter to the Renewable Fuel Standard (RFS) statute and comes on the “heels of a misguided attempt by Valero, Carl Icahn and other merchant refiners to shift the obligated party under the RFS,” according to a release from Growth Energy, an ethanol industry lobbyist group.

Earlier in the week, EPA published a request for comment on lowering overall biofuel volumes for 2018, and ethanol producer POET said the agency “accidentally posted a document to the Federal Register that shows they made an 11th-hour change to drop the cellulosic/advanced numbers.” EPA also recently published a notice asking for comment on information to further reduce biodiesel volumes and more, with direct reference to oil industry-supplied information.

The action to flood the biofuel credit market – RINs – would stall growth in E15 ethanol fuel blends and biofuel development, POET said.

“The oil industry is pushing EPA down a scary road at the moment. In simple terms, they're looking at policies that would lower the overall volumes used in the United States, decrease the value of biofuels and stall growth of higher-biofuel blended fuel,” POET spokesman Matt Merritt said.

Growth Energy chief executive officer Emily Skor said the group can’t speculate whether the rumor on changing the RINs for export biofuels is true or if it is being given any sort of official consideration. However, she said, “what is absolutely clear is that the idea runs contrary to the intent and plain language of the (RFS) statute, which is specifically constructed to blend more renewable fuel into the U.S. transportation fuel supply in order to give consumers cleaner, more affordable fuel choices at the pump.”

Skor said between these media reports and the cuts proposed to the 2018 renewable volume obligations earlier in the week, Growth Energy remains concerned about EPA’s and the Administration’s commitment to supporting biofuels.

The Federal Register clearly noted that EPA has ruled previously that, “if a gallon of ethanol is produced in the U.S. but consumed outside of the U.S., the RIN associated with that gallon is not valid for RFS compliance purposes, since the RFS program is intended to require a specific volume of renewable fuel to be consumed in the U.S.”

Brooke Coleman, executive director of the Advanced Biofuels Business Council, said, “The White House needs to rein in the EPA before the agency tramples the President’s rural base – and his promises to voters. Valero and CVR want an export-subsidy RIN because it would strip the value of biofuel blending by flooding the market with worthless credits. It’s a handout worth millions for someone like Carl Icahn, but it violates the law and could spark an immediate trade backlash. Farmers and biofuel producers would be hurt most, but the entire fuel supply chain would take a hit, including consumers.”

POET CEO Jeff Broin said approving any of the measures floated this week would be a severe blow to the nation’s public health, air quality and national security and would roll back the growth achieved in homegrown renewable fuels.

“These actions would put millions of dollars into the hands of a few oil companies at the expense of American consumers, family farmers and biofuel producers. President (Donald) Trump has repeatedly committed to protecting the RFS, and we remain hopeful that he will hold his Administration accountable and keep the EPA from following the dangerous path laid out by the oil industry.”

Elanco announces strategic shift in dairy portfolio focus

Elanco-UM

Elanco Animal Health, a division of Eli Lilly & Co., announced Sept. 29 a strategic shift in its dairy portfolio.

The company said it will optimize investment to focus on future dairy innovations that address the most challenging issues and diseases farmers face in their herds today. Concurrently, Elanco is exploring strategic options for recombinant bovine somatatropin (rbST), including seeking a buyer for the molecule and its Augusta, Ga., manufacturing facility.

The decision will allow the company to focus on new products that help farmers protect animal health, enhance animal care and improve profitability.

“There are still many unmet needs dairy farmers face today, and we are focused on optimizing our investment on new dairy innovation to fill the gaps we see,” Jeff Simmons, president of Elanco, said. “RbST is an important innovation for dairy farmers around the world, bringing substantial benefits to dairy farmers, consumers and the environment for nearly 25 years. As we move forward, we are seeking to shift to new areas of innovation to bring greater future value to the industry.”

Innovation focus

Animal health is dynamic, and nowhere is that more apparent than in the dairy industry, where lactating cows face numerous physiological and metabolic changes that can interfere with energy balance and immune function, Elanco said.

“As we look to the future, we’re exploring innovative solutions that work with the animal’s own immune system and other biological mechanisms to help her be more resistant and resilient to stress, disease and other challenges,” said Aaron Schacht, vice president research and development at Elanco.

Elanco is committed to continuing research in this space to provide dairy farmers with a mix of preventatives and treatments to address unmet needs, such as:

* Bovine respiratory disease (BRD). BRD is a complex disease that causes respiratory distress and reproductive failure in cattle. Despite the widespread use of vaccines, U.S. surveys have estimated that anywhere from 12% to 16% of preweaned dairy heifer calves are affected with BRD1, and the disease is estimated to cost the North American cattle industry more than $500 million annually.

* Mycoplasma. This highly infectious disease causes respiratory infection in calves and mastitis in cows and can be difficult to treat. Over the past decade, the incidence rates of mycoplasma have been steadily increasing, from 8% of dairies testing positive in 2002 to 7-20% of bulk tanks testing positive in 2011 studies. Mastitis affects 20-25% of dairy herds and costs more than $200 million annually in direct costs from treatment and discarded milk in the U.S. alone.

* Mycobacterium. Currently there is no treatment for cattle with mycobaceterium, which can lead to two major diseases: Johne’s, a chronic infection that affects a cow’s immune function, and tuberculosis, which can require dairy producers to cull cattle.

* Digestive health. Early disease prevention with non-medicated feed additives, such as enzymes, prebiotics and probiotics, can improve microbiome health, helping protect animals from disease even before clinical signs develop, thus lessening the need for antibiotics. Elanco is currently exploring antibiotic alternatives and feed ingredients that will improve the digestive health of ruminants.

“We will also continue to study Imrestor (pegbovigrastim injection) as we evaluate where its mechanism shows potential to address other key challenges the dairy cow faces,” Schacht said.

Imrestor is approved in the U.S. to reduce the incidence of clinical mastitis in the first 30 days of lactation in periparturient dairy cows and periparturient replacement dairy heifers.

Elanco provides comprehensive products and knowledge services to improve animal health and food animal production in more than 70 countries around the world. It values innovation, both in scientific research and daily operations, and strives to cultivate a collaborative work environment for more than 6,500 employees worldwide.

Founded in 1954, Elanco is a division of Eli Lilly & Co. with worldwide headquarters and research facilities located in Greenfield, Ind.

Nomination hearings set for key ag nominees

Capitol Washington DC

As the Trump Administration continues to fall into place, the Senate has arranged times for nomination hearings for some of his top agricultural advisors.

The U.S. Senate Agriculture Committee will hold a hearing to consider Bill Northey as U.S. Department of Agriculture undersecretary for farm and foreign agricultural services and Greg Ibach as USDA undersecretary for marketing and regulatory programs.

The hearing is scheduled for 9:30 a.m. (EST) Oct. 5. The hearing will be webcast live on ag.senate.gov

Iowa agriculture secretary Northey and Ibach, who currently serves at the Nebraska department of agriculture, were nominated to the positions ahead of Labor Day. Two other USDA nominees – Steve Censky in the deputy undersecretary post and Ted McKinney as undersecretary for trade – had a short nomination hearing before the committee earlier in September. The committee has scheduled a vote on these nominees for 5:45 p.m. on Monday afternoon. 

Left off the list of those getting time before the committee is Sam Clovis, President Donald Trump’s nominee for USDA chief scientist. Clovis was the co-chair of Trump’s agricultural advisory team during the election campaign and has been a White House advisor at USDA since Trump came into office. However, he has been criticized by many, including Senate Agriculture Committee ranking member Debbie Stabenow (D., Mich.), concerning his credentials to serve in the post without any scientific background.

Meanwhile, the Senate Finance Committee also has scheduled a panel of nomination hearings on Thursday, including one for Gregg Doud as chief agricultural negotiator. Doud was nominated to the post in June. The agriculture industry welcomed the nomination because Doud has spent the last 20 years involved in promoting and educating others about agriculture.

Doud is currently president of the Commodity Markets Council, where he has served since 2013. Prior to that, he was a senior professional staff member of the Senate Agriculture Committee for Sens. Pat Roberts (R., Kan.) and Thad Cochran (R., Miss.). While working for the committee, Doud assisted in drafting the 2012 Senate farm bill, along with legislation regarding many other issues.

Doud also spent eight years as the chief economist for the National Cattlemen’s Beef Assn. He has also worked for the U.S. Wheat Associates and the World Perspectives firm.

The Senate Finance Hearing on the nominees is scheduled for 10 a.m. (EST) on Thursday. Additional details  and a live webcast are available at http://finance.senate.gov/hearings.

FDA proposes to extend compliance dates for Nutrition Facts label final rules

nutritional fact labels

The U.S. Food & Drug Administration is proposing to extend the compliance dates for the Nutrition Facts and Supplement Facts label final rule and the Serving Size final rule from July 26, 2018, to Jan. 1, 2020, for manufacturers with $10 million or more in annual food sales. Manufacturers with less than $10 million in annual food sales would receive an extra year to comply — until Jan. 1, 2021.

FDA is committed to making sure that consumers have the facts they need to make informed decisions about their diet and the foods they feed their families. The proposed rule addresses only the compliance dates. FDA is not proposing any other changes to the Nutrition Facts Label and Serving Size final rules.

The agency is proposing to extend the compliance dates in response to continued concerns companies and trade associations have shared with FDA regarding the time needed to implement the final rules. These stakeholders expressed concerns about their ability to update all products by the original compliance dates and the importance of obtaining clarification from FDA on a number of technical issues relating to the final rules.

Pending completion of this rule-making, FDA said it intends to exercise enforcement discretion with respect to the current July 26, 2018, and July 26, 2019, compliance dates.

Written or electronic comments on the extension of the compliance dates are being accepted for 30 days, beginning Oct. 2, 2017. FDA is only accepting comments on the extension of the compliance dates.

Submit electronic comments to www.regulations.gov. Submit written comments to the Division of Dockets Management (HFA-305), Food & Drug Administration, 5630 Fishers Lane, Room 1061, Rockville, MD 20852. All comments should be identified with Docket No. FDA-2012-N-1210 for “Food Labeling: Revision of the Nutrition and Supplement Facts Labels; Extension of Compliance Date” or Docket No. FDA-2004-N-0258 for “Food Labeling: Serving Sizes of Foods That Can Reasonably Be Consumed at One Eating Occasion; Dual-Column Labeling; Updating, Modifying and Establishing Certain Reference Amounts Customarily Consumed; Serving Size for Breath Mints; and Technical Amendments; Extension of Compliance Dates.”

Tyson Foods cutting jobs, boosts fiscal 2017 guidance

Tyson Foods Inc. announced that it has increased the adjusted guidance for fiscal 2017 as well as the adjusted guidance for fiscal 2018 and cost savings targets for 2018-20. Adjusted earnings guidance for the 2017 fiscal year, which ends Sept. 30, has been increased to $5.20-5.30 per share, up from $4.95-5.05, primarily due to much better-than-expected earnings in the Beef segment.

Guidance for fiscal 2018 is an adjusted $5.70-5.85 earnings per share, which would be the seventh consecutive year of record adjusted earnings per share.

The company plans to provide GAAP results for its 2017 fourth quarter and full year in its fourth-quarter earnings report scheduled for Nov. 13; however, at this time, the company is unable to reconcile its full-year fiscal 2017 and 2018 adjusted earnings per share guidance to its full-year fiscal 2017 and 2018 projected generally accepted accounting principles (GAAP) guidance because certain information necessary to calculate such measures on a GAAP basis is unavailable or dependent on the timing of future events outside of Tyson's control.  

Tom Hayes, Tyson president and chief executive officer, said the company is implementing its previously announced “Financial Fitness” plans.

“We are creating momentum behind our continuous improvement agenda as we know we can be even more efficient operators,” he said. “We are a good partner for growth for our customers and are constantly challenging ourselves to identify opportunities to create value for our consumers, customers and share owners.”

Through a combination of synergies from the integration of AdvancePierre Foods acquired in June and additional eliminations of non-value-added costs, the company expects cumulative net savings of $200 million, $400 million and $600 million over fiscal years 2018, 2019 and 2020, respectively. These savings primarily will affect the Prepared Foods and Chicken segments, focusing on three areas: supply chain, procurement and overhead.

Tyson also announced that it is reducing head count by approximately 450 positions across several areas and job levels. Most of the eliminated positions will come from the corporate offices in Springdale, Ark.; Chicago, Ill., and Cincinnati, Ohio.

“We’re grateful to everyone who has contributed to the company’s success, and we’re thankful for their time with Tyson Foods,” Hayes said. “These are hard decisions, but I believe our customers and consumers will benefit from our more agile, responsive organization as we grow our business through differentiated capabilities, deliver ongoing financial fitness through continuous improvement and sustain our company and our world for future generations.”

In its fiscal fourth-quarter earnings report, Tyson said it plans to report restructuring and other charges of approximately $140-150 million, comprised of an approximately $70 million impairment for costs related to in-process software implementations, $45-50 million in employee termination costs and $25-30 million in contract termination costs.

Soybeans edge higher on reports

Corn and soybeans moved higher Friday after USDA lowered Sept. 1 stocks estimates. The agency said the 2016 soybean crop was smaller with summer corn feeding likely better too. The agency’s stocks estimate for wheat was higher than trade guesses, implying lower summer feeding. 

November soybeans rose 15.75 cents by midday. The size of the 2016 crop was cut 11 million bushels to 4.296 billion bushels. Harvest acres were down 40,000 and the yield fell one-tenth of a bushel per acre to 52 bpa.

Sept. 1 soybean stocks of 301 million were even less than expected, suggesting an additional 18 million bushels of summer demand. This could come from a combination of statistical error, or crush and exports that were better than initial indications. USDA releases final data on crush and exports next week. 

The ending stocks number for the 2016 corn crop was also smaller than expected at 2.295 billion bushels. This suggests usage, likely for feed, was around 60 million bushels above earlier estimates. Corn prices followed beans higher, taking December futures up 4.75 cents by midday.

USDA raised its forecast of 2017 wheat production by 2 million bushels to 1.741 billion. That was just 2 million from Farm Futures estimate but 17 million more than the trade anticipated. The Sept. 1 stocks figure of 2.253 billion bushels was 50 million bushels above the average trade guess and 170 more than Farm Futures projection. While this summer figure is tricky to interpret long term, it suggests summer feed usage was around 80 million bushels less than last year. Wheat was down 3 to 12.5 cents at midday. 

The government said 787 million bushels of old crop corn were still stored on farm at the start of the 2017 marketing year, 25% higher than a year ago. Off-farm stocks were up 36%,

For soybeans, 88 million were still on farm, more than double last year’s total. Off-farm stocks were up 38%.

Corn stocks were higher than last year in all but two of the major producing states, Ohio and Colorado. Soybean stocks were higher in all the key states.

Today’s reports continue the tradition for the trade to be surprised by these numbers. Higher soybean prices today don’t necessarily mean the trend will hold. In four of the six years when prices were higher the day after the report, they wound up lower a week later. Corn hung to its gains a week later in all but two of the years when it was higher the day after the report.

No surprises as hog inventory grows, expansion continues

marina_karkalicheva/iStock/Thinkstock Pork carcasses hanging in cooler

The U.S. Department of Agriculture’s latest “Hogs & Pigs” report came out much as expected, indicating more hogs and continued expansion.

The U.S. inventory of all hogs and pigs on Sept. 1, 2017, was 73.5 million head, rising 2% from Sept. 1, 2016 and 3% from the June 1 report. This number was mostly in line with the average pre-report estimate for a 2.5% increase.

The breeding inventory held no surprises, at 6.09 million head, which was 1% higher than last year and exactly what analysts had expected. The number was up only slightly from the previous quarter.

The market hog inventory was 3% higher than last year, at 67.5 million head, while analysts had expected a 2.6% increase. The inventory was also 3% higher than the last quarter.

The June-to-August 2017 pig crop, at 33.0 million head, was up 2% from 2016, as expected. During this period, 2% more sows farrowed than last year, at 3.10 million head -- 1% higher than analysts had expected. The sows farrowed during this quarter represented 51% of the breeding herd.

The average number of pigs saved per litter was a record high of 10.65 for the June-to-August period, compared to 10.58 last year. Pigs saved per litter by size of operation ranged from 7.80 for operations with 1-99 hogs and pigs to 10.70 for operations with more than 5,000 hogs and pigs.

Farrowing intentions for the September-to-November 2017 quarter came in at 3.07 million sows, up 1% from actual farrowings during the same period in 2016 and up 5% from 2015.This was near pre-report estimates. Intended farrowings for December to February 2018, at 3.02 million sows, are up 1% from 2017 and 3% from 2016. Analysts had expected only a 0.1% increase.

The total number of hogs under contract owned by operations with more than 5,000 head, but raised by contractees, accounted for 47% of the total U.S. hog inventory, unchanged from the previous year.

USDA reviewed all inventory and pig crop estimates for September 2016 through June 2017 using final pig crop, official slaughter, death loss and updated import and export data. The net revision made to the September 2016 all hogs and pigs inventory was 1.3%, while the net revision made to the March 2017 all hogs and pigs inventory was 0.4%. A revision of 0.8% was made to the December-to-February 2017 pig crop, and a revision of 0.3% was made to the June 2017 all hogs and pigs inventory.

Analysts’ reactions

Ron Plain, professor emeritus with the University of Missouri-Columbia, specifically pointed out that the report marked the 12th quarter out of the last 13 quarters in which actual farrowings have been larger than farrowing intentions.

He said he’s not blaming USDA but said he wonders if it is necessary to start taking farrowing intentions with a grain of salt.

“The industry is doing very well on breeding and reproduction and tends to end up with a few more pigs than farrowing intentions might cause us to think we’ll have,” Plain said.

In reaction to the report, Altin Kalo, senior analyst for Steiner Consulting Group, pointed out that USDA’s numbers suggest that slaughter numbers for October through December should be around 2.9% higher, but he said it begs the question of whether to view this as valid or if it's necessary to look back at the last two weeks and adjust accordingly. Nonetheless, he said even though the inclination may be to discount these numbers, “we’ve seen slaughter numbers pick up.”

Slaughter number in early 2018 should be 2% higher than a year ago, Kalo suggested. After seeing the farrowing numbers, he added that slaughter numbers next summer could also be expected to be up 2%.

As for what the USDA numbers mean for prices, Plain said forecasts will not likely change much. He expects Iowa/Minnesota hog prices in the fourth quarter of 2017 to be around $50-54/cwt. For 2018, Plain expects prices to be at $58-62 in the first quarter, around $68-$72/cwt. in the third quarter and $67-71 in the fourth quarter.

“Despite more hogs, hog prices next year will be comparable to this year,” he said.

Kalo forecasted Iowa/Minnesota hog prices to be $54/cwt. for the fourth quarter of 2017, $62/cwt. for the first quarter of 2018, $74/cwt. for the second quarter, $73/cwt. for the third quarter and $56/cwt. for the fourth quarter.

In terms of margins, Plains said crop corn prices have been very kind to the industry and have been “a big factor in driving the growth" in the industry.

Plain said producers will turn a profit this year, and this will continue next year, which he explained is why the U.S. continues to see an increase in farrowing numbers.

Kalo pointed out, “Sometimes, we get lost a little bit in the increases in production and how much more pork is coming at us. I think we forget the fact that a lot of this pork is actually going to the consumers and getting used up. Now, it’s taking somewhat lower prices to get that done, but those lower prices still have been profitable for the producer.”

The export markets are absorbing a fair amount of this pork as well, Kalo said.

“I think the increase in production is fine, but I think that demand for pork is pretty good, which has allowed producers to stay profitable through this expansion,” he said.

Overall, Plain said the report shows that the industry continues to grow, and while profits aren’t what they weren’t in 2014, the bottom line is that the industry is “alive and well.”

Kalo also said the report shows an industry that's growing, but at a measured pace, which is allowing it to avoid some of the pitfalls of the past.

“We used to have very large expansions and then very large declines, as well,” he explained. Kalo added that this measured growth has “bade well for producers, and it’s bade well for packers as well.”

Processing plants update

Steve Meyer, told Feedstuffs that while the new Iowa and Michigan pork processing plants are both up and running, they have faced some normal challenges associated with beginning operations.

“They have both run into the normal kinds of things when you start trying to make a highly technical piece of equipment start working,” he said.

Adequate labor for their first shift is in place, and workers are learning their jobs as they go along, Meyers added.

Last week, Seaboard Triumph Foods (STF) reported that it was up to about 12,000-13,000 head per week, or 2,500 per day.

Clemens Food Group in Coldwater, Mich., on the hand, was up to about 20,000 hogs last week.

“They will continue to ramp up,” Meyers said.

The expectation is that STF will be to full capacity in the December 2017 to January 2018 time frame, at 10,200 head per day. The Clemens Food Group-Coldwater plant will be at full one-shift capacity later than that, Meyers said. The company anticipates a January to February 2018 time frame for 12,000 head per day, but that could happen as late as March.

“It’s just kind of a normal ramp-up," Meyers said. "We haven’t heard of any big issues.”

According to Meyers, another development has emerged at a plant in Pleasant Hope, Mo., that came on line last year. It has been running into moisture issues in its coolers.

“They did some major work on that just this last week. Hopefully, it solved that,” he said.

The plant has processed approximately 1,000 head per day but has the capacity to process 2,500 per day.

Dairy & specialty livestock markets, 9/29/2017

 

-Week ending-

Dairy products, daily cash trading, CME Group, Chicago, $/lb.

Sept. 22

Sept. 29

Cheese

 

 

  Barrels

1.53

1.73

  Blocks, 40 lb.

1.59

1.74

Nonfat dry milk, Grade A

0.82

0.83

Butter, Grade AA

2.47

2.39

 

 

 

Specialty Livestock & Poultry

 

 

Bison, carcass (monthly), hot carcass weight, $/cwt.

 

 

  Young bulls

483.10

483.10

  Young heifers

468.29

468.29

 

 

 

Veal, carcass, hide off, 255-315 lb. (hot), $/head

 

 

  Non-packer owned

323.24

326.22

  Packer owned

327.79

328.65

 

 

 

Slaughter lambs, $/cwt.

 

 

  New Holland, Pa.; wooled & shorn, Choice/Prime 2-3, 110-130 lb.

173.82

187.12

  Sioux Falls, S.D.; wooled & shorn, Choice/Prime 2-3, 130-149 lb.

139.54

133.65

  Ft Collins, Colo.; wooled, Choice 1-2, 111-125 lb.

147.12

137.63

  San Angelo, Texas; wooled & shorn, Choice 2-3, 100-145 lb.

127.50

116.50

 

 

 

Slaughter goats, $/cwt.

 

 

  New Holland, Pa.; selection 1, 60-80 lb.

166.07

177.15

  Sioux Falls, S.D.; selection 1, 66 lb.

175.00

195.00

  Ft Collins, Colo.; selection 1, 61-68 lb.

135.71

123.96

  San Angelo, Texas; selection 1, 60-80 lb.

213.00

217.00

 

 

 

Ducklings, fresh, $/lb.

 

 

  Long Island, 4-5 lb.

2.39

2.39

  Midwest, 4-5 lb.

2.26

2.26

 

 

 

Rabbits, whole, ready-to-cook

 

 

  San Francisco, Cal.

5.25

5.25

 

 

 

Organic brown shell eggs in cartons, $/carton

 

 

  Extra large, doz.

2.93

2.93

  Large, doz.

2.83

2.83

 

 

 

Organic young chicken, wholesale, $/lb.

 

 

  Whole fryer

2.38

2.38

  Breast, boneless/skinless

7.77

7.77

  Breast, bone-in

4.22

4.22

  Legs, whole

2.04

2.04