By E. W.
Lang
Block cheddar cheese ended the week at $1.94 per
lb., up 16 cents from Friday, last. Barrel cheddar ended at $1.89 up 17 for the
week. Butter lost five cents in five trading days to end the week at $1.64 per
lb.
Last week I expressed concern that the higher
cheese prices were an aberration, with food service starting up and stocking
up, and lower prices ahead. This week that seems to be a general concern in the
industry framed as, "When shall a cheese price correction present
itself?"
May Class III Milk lost six cents per cwt. to end
at $12.18, while June gained 18 cents to close out the week's trade at $17.03
per cwt. July through December Class III Milk futures average $16.13 which is
down 40 cents for the week.
Spot price on orphan loads of milk are running
even with Class to $2 over. For reference, one year ago spot milk was $2 per
cwt. under class to 50 cents over. Five years ago, spot milk was $10 under,
just so you know.
We could be looking at $10 under Class today,
were the coops not operating in concert to force producers to limit or reduce
production, after dumping 1+% of the nation's milk in April. One would think
that limited production should be a lasting ordinance from the coops, where
everyone only gets to produce the amount needed to keep milk over $25 or $30
per cwt., or whatever some committee decides the fair price is.
Enter the independent producer who milks
thousands of cows because technology allows it. He or she can say to the end
users of milk, "Whatever the Farmer's Coop wants as a fair price, just let
me know. I'll supply most of your needs for two bits less." Advantage,
Independent Producer. Too bad, Coop Members who are relegated to supplying milk
only as needed. And yes, I do mean only.
Minnesota cancelled their State Fair, joining
Ohio and North Dakota.
Minnesota cancelling a perfectly good event is
really not a surprise, disapointment though it may be. The culture in the Twin
Cities is somewhat artistically intellectual. It's socially responsible to
celebrate well composed music, cultural diversity and climate warming, etc.
These are the kind of people who wear masks while listening to Prairie Home
Companion reruns, just in case Garrison sneezes into the microphone. It's a
less than science-based culture where social appearance and actions matter, and
Mr. Keillor always dressed like he didn't feel well.
Now, for those of you needing something to look
forward to, the National Dairy Cattle Congress is in September here in Iowa, so
far as we now know. And the Iowa State Fair is still on. There will also be
some pick-up shows around the country.
As this will be posted on Memorial Day, I would
be remiss to not offer a few words regarding the holiday, a holiday specific to
those who died while in the armed service of the United States, particularly
those killed in battle.
We had a U.S. Armed Forces Day earlier this month
to honor the men and women who are currently in service. On Veterans' Day in
November we annually have the chance to honor the men and women who have served
in the armed forces - served then returned home alive.
The three holidays are not the same.
Today it seems shallow for us to use a three day
weekend to fellowship and recreate among the living, when the parents of
soldiers who didn't return from service will seldom or never again be content
or actively happy. Much is the same for the grand parents, children, husbands
and wives of those who answered the call to service - voluntarily or by draft -
and never returned.
I could render the commonly used theme of
"Freedom Isn't Free," but the fact is that for most of us, freedom
hasn't cost very much. For the dead service men and women, and those left to
mourn their loss, the cost of our freedom is greater than we know.