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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Dec 31, 1986
Page
5
Government support price for milk will drop 25 cents this week, triggering lower prices for cheese, butter, and nonfat dry milk. The change affects purchases by the Commodity Credit Corp and dairy producers, with potential shifts in butter and nonfat dry milk prices depending on USDA allocation.
USDA Daily Market News notes butter flat at 1.38 a lb for Grade AA and A, Grade B down 7 cents to 1.29. Cheese blocks at 1.30 and barrel at 1.20, a near dime spread between cheddars. Government butter stocks rise 10 percent to 187 million lb, natural American cheese stocks down 15 percent to about 668 million lb. Nine spot milk loads exit state to Texas, totaling 1,633 interstate loads this year, with 84 percent going to Texas and Florida, shipments totaling 80 million lb. During a holiday-shortened week, USDA bought 2.5 million lb butter, 3 million lb cheese, and 6.9 million lb nonfat dry milk, milk-equivalent 81.5 million lb, versus 176.8 million lb a year ago. Wisconsin milk production edges up while the East, South hold steady and the West remains flat.
Land O Lakes Inc received six honors in a cheese competition hosted by the National Milk Producers Federation. Aged cheddar won the President's Trophy as the best cheese overall, with first place scores for best medium cheddar and best cheddar, plus best processed cheese and best overall cheese awards. Twenty-eight plants from 13 cooperatives entered, as LOL notes its 300,000 dairy farmer members in the upper Midwest.
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