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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Just left the grocery store where they are talking about the price of milk going up alonge with meat and bacon doom!
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Poster Handle
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Chrit |
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Post Content
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It is a world wide issue to say the least.7 reasons why the milk price will increase in 2012/13 1. The drought and stifling heat currently hitting the Mid-West of the US is forecast to continue into October. This has major consequences for the global dairy industry: • US dairy cow production is down • The likelihood of a reduced 2013/14 grain harvest will put further pressure on the US dairy industry’s ability to feed itself • A reduction in US production and exports of soya beans and corn will affect the Chinese dairy industry (and others), which relies heavily on these crops to feed its cows 2. The profitability of the US dairy industry, which has a big influence on the dairy supply outlook, is at its lowest for years. The milk to feed price ratio has fallen to 1.24 – which means the industry is contracting and 80% of the milk cheque is being spent on feeding cows. Normally, the ratio would need to be above 2.5 for industry growth. More at link, but those are the main points. [ link to www.myfarm.co.nz] Quoting: Chrit Wait for the ice cream shortages to start again; it’s a comfort food & one of the first things to go form the shopping list. The less is bought the less is produced the higher the prices will go and people will loose jobs. On the bacon front, breeding stock of pigs dropped 1% last year. Might not seem like a lot but when you’re talking 5.8 million heads it’s a lot of pigs, all due to feed prices.
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