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USDA announced today:
USDA ACCEPTS DEIP BID FOR CHEDDAR CHEESE TO ASIA AND EURASIA
WASHINGTON, Sept. 29, 2009 -- The U.S. Department of Agriculture's Commodity Credit Corporation today accepted a bid from an exporter under the Dairy Export Incentive Program for cheddar cheese to Asia and Eurasia.
The award totaled 40 metric tons of cheddar cheese.
Delivery period: Oct. 1 - Nov. 30, 2009
Bonus: $275.00 per metric ton
Remaining global DEIP balance: 2,103 metric tons
CCCs bonus was awarded to Interfood, Inc.
For further information, call (202) 720-3224.
That amounts to $0.125 per pound bonus. Block Cheddar today was $1.4125 per pound. So, if you take the DEIP bonus off that would put Cheddar at $1.288 per pound.
On September 17, 2009 Dairy market News reported the high side of Oceania Cheddar at $1.49 per pound. With a $0.202 per pound advantage there is a hefty profit to be made.
One big question remains. Will/has the DEIP program helped the farmer’s bottom line? No guessing!
John,
ReplyDeleteInteresting that MPC (Industrial Adhesives) price has increased from 47 cents since 1/1/09 to over 67 cents today per pound. Price keeps moving up!
Seems like this product is picking up steam.
Dave
And Cargill has discovered non dairy pizza cheese, which is seems to me shouldn't be called cheese, but what do I know?
ReplyDelete