Congress is poised to go home for the holidays without passing a new farm law, which should mean milk prices will double on Jan. 1. That isn’t going to happen.
Prices for nonfat-dry milk, the biggest U.S. dairy export, rose to a six-year high on surging overseas demand at a time when Congress’s failure to extend an expired farm law leaves the threat of surging consumer costs.
MetLife Inc. , the largest U.S. life insurer, has purchased a business providing group legal-services coverage from Allstate Corp. , adding to its Hyatt Legal Plans business.
Record dairy profits and milder weather are leading to a surge in milk supplies from Auckland to California, turning last year’s best-performing commodity contract into one of the worst of 2012.
U.S. milk production increased 2.4 percent in June as a rise in per-cow output more than made up for a smaller dairy herd, according to the Department of Agriculture.
U.S. milk output increased 1.3 percent in May, the Department of Agriculture said, as climbing prices spurred farmers to increase productivity.
U.S. milk production climbed 2 percent in February as rising prices spurred dairy farmers to increase herds and boost per-cow output, according to the Department of Agriculture.
U.S. milk production rose 1.5 percent in April, the Department of Agriculture said, as higher prices pushed farmers to increase herds and boost per-cow output.
"The monthly milk-production report is a key piece of information that the industry looks at to analyze overall milk supply."
- Bill Brooks on Mar 12, 2013