By E. W.
Lang
November Class III Milk Futures on the Chicago
Mercantile Exchange lost $1.11 per cwt. this week to close out trading at
$18.50 per cwt. Block cheese lost 13
cents this week and barrels lost four cents.
December Class III lost 97 cents
per cwt.
Class IV Futures generally increased with non-fat
dry milk at contract high prices and butter at $1.94 per lb. October Class IV is at $17.05 per cwt and the
next several months are in the upper $18 range.
USDA has announced that the Dairy Margin Coverage
subsidy will be triggered at the $7 mark for herds signed up for qualifying
production in September.
Spot milk was running at Class to $1 per cwt.
over class last week, according to UDSA's Dairy Market News. DMN further reports that milk production is
"increasing" and "improving" in all regions of the
country. I am guessing that lower corn
and soy costs have prompted some producers to feed just a little bit more grain
which over the national herd can amount to a lot of additional milk. Fluid milk bottling orders, however, are
"decreasing." This, again,
according to Dairy Market News, and troubling news, it is.
The Agricultural Research Service (ARS), which I
am guessing is a government agency, has been researching if humans can get
Covid from their farm animals. This has
been a project going on since February, 2020, and they have decided that no, we
can't get Covid from our cows, pigs, sheep and chickens, whatever. This makes me wonder why livestock exhibitors
at the various shows were forced to wear masks. If our show stock can't give us the Covid,
masks seem like a silly mandate.
That said, since the ARS results were based on
statistical, scientific research by a government agency, most of us can assume
the science was bad, the research was rigged, they were lying and it was a good
thing we had our masks on in the show ring because farm animals obviously
transmit Covid, regardless of what the federal government and scientists tell
us.
I guess White Tail Deer can actually get Covid,
but we don't show them. Well, some
people might, who knows. Show people and
the show industry are peculiar in a host of ways.