By E. W.
Lang
Cheese buyers became active this week, both in
the retail and food service sectors, this according to USDA Dairy Market News.
Cheese is 30 cents per lb. over the C19-influenced bottom, and blocks closed
today at $1.31 per lb., up 10 cents for the week. Barrels are up eight for the
week and closed at $1.27 per lb.
Butter, likewise, was up 10 cents at $1.29 per
lb. NFDM gained three at 82 cents per lb. Whey was steady at 40 cents.
2020 Class III Milk Futures run from May's $11.48
to $16.02 in September and October, an increase of 16 cents to $1.49 in each
month. Class IV runs from $10.17 per cwt. to $14.99 a year from now.
A dispersal of 400 Holstein cows averaging 108
lbs. were in the offering at Premier Sales in Withee, Wisconsin, today. Top
sellers ran from $1800 to $2400, while top Holstein springers ran from $1350 to
$1675 per head.
Also at Premier, most dairy slaughter cows were
called 'stronger' at 45 to 52 cents per lb. Butcher hogs were 25 to 30 cents
per lb.
Unemployment figures released today call 14.7% of
the population out of work and looking for jobs. A broader figure of 22%
reflects the total unemployed including those out of work and not looking for
jobs in light of C19. This 22% figure would be equal to the U.S. Great
Depression unemployment rates of the 1930s, and twice the 10% unemployment
rates of U.S. recessions in 1982-83 and 2007-08.
The NASDAQ has now gained 1.7% year to date,
while the S & P 500 remains down 9.3% YTD. The Dow 30 Industrials are
-14.7% for the year, thus far.
I have been on Interstate 80 several times this
spring. Traffic ran from very little yesterday, last week and last month to a
lot today, as the State of Iowa is reopening. It appears that for all of the
United States the quarantine is over, and it's just a matter of what government
is going to do about it.
County Attorneys and County Sheriffs - Counties
Sheriff, if you prefer - are up for election every four years. Many are more
than willing to defy their Governors' shelter directives in the interest of
serving their constituents, as well as their own re-election interests.
In addition, the local constabulary are really,
really tired of concerned citizens dialing 9-1-1 to report, "There are
CHILDREN outside PLAYING in the PARK!" and other malfeasance, all in direct
violation of C19 ordinance.