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House Rejects Farm Bill; Supply Management Debate Heats Up

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House Rejects Farm Bill; Supply Management Debate Heats Up Volume 33 June 21, 2013 Number 22 Scan this code for breaking House rejects farm bill; supply news and the latest markets! management debate heats up A WASHINGTON — The U.S. lion in defi cit reduction, elimi- The failure of the House require food manufacturers House voted 234-195 Thursday nation of direct payments and bill stalls momentum for the to withhold payments from INSIDE to reject the Federal Agricul- the fi rst reforms to SNAP since legislation following Senate dairy farmers and to remit ture Reform and Risk Manage- 1996 — are so important that passage of its version of the the revenues to USDA. The ✦ WDE Championship ment (FARRM) Act of 2013, the we must continue to pursue farm bill last week. Current proposed program is known Dairy Product Contest. House Agriculture Committee’s them,” says House Agriculture funding for many farm pro- as the Dairy Market Stabiliza- For details, see supplement. version of the farm bill. The bill Committee Chair Frank Lucas, grams expires Sept. 30. tion Program (DMSP). (See now heads back to committee. R-Okla. “We are assessing all “Twice the Senate has “Senate passes farm bill that ✦ Guest columnist: Industry stakeholders say of our options, but I have no overwhelmingly passed a bi- includes Dairy Security Act” ‘Dairy product quality opposition by Democrats who doubt that we will fi nish our partisan Farm Bill that reforms in last week’s issue of Cheese and biofi lms.’ rejected steep cuts in the work in the near future and farm programs, ends direct Market News.) For details, see page 4. Supplemental Nutrition Assis- provide the certainty that our payments, cuts spending, and The House farm bill in its tance (SNAP), or food stamp farmers, ranchers and rural creates American agriculture original form also included ✦ Dean Foods phasing out program, and Republicans constituents need.” jobs,” says Debbie Stabenow, the DSA, but an amendment Shenandoah’s Pride brand, who viewed farm spending House Ag Committee Rank- D-Mich., chair of the Senate offered by Reps. Bob Goodlatte, closing plant in Virginia. programs as overly generous ing Member Collin Peterson, D- Agriculture Committee. “The R-Va., David Scott, D-Ga., and For details, see page 5. led to the defeat of the bill in Minn., says the farm bill failed House needs to fi nd a way to get other lawmakers to remove the House. to pass the House “because the a 5-year farm bill done. (House the DMSP from the legisla- ✦ Cheese on Canada’s list of “On this day, on this vote, House Republicans could not Speaker John Boehner, R-Ohio) tion passed Thursday before possible retaliatory tarrifs. the House worked its will. I’m control the extreme right wing needs to work in a bipartisan the House voted to reject the For details, see page 16. obviously disappointed, but the of their party.” way and present a bill that full farm bill. The amendment reforms in H.R. 1947 — $40 bil- “From day one, I cautioned Democrats and Republicans would have removed the supply my colleagues that to pass a can support. He could start by management provision from farm bill we would have to bringing the Senate bill to the the dairy title and replaced work together,” Peterson says. fl oor for a vote. it with a stand-alone margin U.S., EU to launch fi rst round “Instead, the House adopted a “Maintaining the status quo insurance program for dairy partisan amendment process, means no reform, no defi cit re- producers. of trade talks week of July 8 playing political games with duction and further uncertainty Although the farm bill failed extreme policies that have no that slows growth in our agricul- to pass the House, Jerry Slo- WASHINGTON — This week President Obama, European Commis- chance of becoming law. ture industry,” Stabenow adds. minski, senior vice president sion President Barroso and European Council President Van Rompuy “This fl ies in the face of “This is totally unacceptable.” of legislative affairs and eco- announced that the United States and the European Union (EU) will nearly four years of bipartisan The dairy title in the Sen- nomic policy for the Interna- be launching negotiations on a Transatlantic Trade and Investment work done by the agriculture ate version of the bill passed tional Dairy Foods Association Partnership (TTIP) agreement. The fi rst round of TTIP negotiations committee,” he adds. “I’ll con- last week includes the Dairy (IDFA) — which opposes the will take place the week of July 8 in Washington under the leadership tinue to do everything I can to Security Act (DSA), which DMSP — says that approval of the Offi ce of the U.S. Trade Representative (USTR). get a farm bill passed, but I have includes a controversial pro- of the Goodlatte-Scott amend- TTIP will be an ambitious, comprehensive and high-standard trade a hard time seeing where we go posal that would, in times ment shows that “momentum and investment agreement that offers signifi cant benefi ts in terms of from here.” of excess milk production, Turn to HOUSE, page 15 a promoting U.S. international competitiveness, jobs and growth, the White House says. In particular, TTIP will aim to: • Further open EU markets, increasing the $458 billion in goods and private services the United States exported in 2012 to the EU, its Co-ops commission study Milk production largest export market; is up 0.9 percent • Strengthen rules-based investment to grow the world’s largest invest- on California federal order in 23 major states ment relationship. The United States and the EU already maintain a total VISALIA, Calif. — A fi ve-month-long study commissioned by of nearly $3.7 trillion in investment in each other’s economies (as of 2011); California Dairies Inc. (CDI), Dairy Farmers of America Inc. WASHINGTON — Milk • Eliminate all tariffs on trade; (DFA) and Land O’Lakes Inc. (LOL) suggests a properly written production in the 23 major • Tackle costly “behind the border” non-tariff barriers that impede federal milk marketing order for California would provide a regu- milk-producing states dur- the fl ow of goods, including agricultural goods; latory structure that would potentially result in higher farm gate ing May 2013 totaled 16.53 • Obtain improved market access on trade in services; prices, which would benefi t California dairy farm families. The billion pounds, up 0.9 per- • Signifi cantly reduce the cost of differences in regulations and three cooperatives, which represent approximately 80 percent cent from May 2012, accord- standards by promoting greater compatibility, transparency and of the milk produced in California, collectively funded the com- ing to preliminary May data cooperation, while maintaining high levels of health, safety and envi- prehensive modeling study to examine the issues and benefi ts of released this week by USDA’s ronmental protection; replacing the California state milk marketing order with a federal National Agricultural Sta- • Develop rules, principles and new modes of cooperation on issues milk marketing order. tistics Service (NASS). (All of global concern, including intellectual property and market-based The study was conduced by Mark Stephenson, University of Wis- fi gures are rounded. Please disciplines addressing state-owned enterprises and discriminatory consin-Madison, and Chuck Nicholson, Penn State University. At this see CMN’s Milk Production localization barriers to trade; and time the proprietary study results will not be released to the public. chart on page 15.) Turn to TRADE, page 16 a Turn to STUDY, page 9 a Turn to MAY, page 15 a Reprinted with permission from the June 21, 2013, edition of CHEESE MARKET NEWS® © Copyright 2013 Quarne Publishing LLC; PH: (509) 962-4026; www.cheesemarketnews.com 2 CHEESE MARKET NEWS® — June 21, 2013 MARKET INDICATORS Chicago Mercantile Exchange CHEESE FUTURES for the week ended June 20, 2013 Cash prices for the week ended June 21, 2013 (Listings for each day by month, settling price and open interest) Monday Tuesday Wednesday Thursday Friday Fri., June 14 Mon., June 17 Tues., June 18 Wed., June 19 Thurs., June 20 June 17 June 18 June 19 June 20 June 21 JUN13 1.772 865 1.777 868 1.778 872 1.777 872 1.777 872 JUL13 1.779 708 1.789 714 1.772 720 1.779 732 1.769 746 Cheese Barrels AUG13 1.827 673 1.836 684 1.813 698 1.819 700 1.805 710 Price $1.7725 $1.7600 $1.7500 $1.7225 $1.7175 SEP13 1.856 573 1.865 584 1.848 586 1.848 623 1.848 603 Change NC -1 1/4 -1 -2 3/4 -1/2 OCT13 1.845 614 1.854 621 1.854 621 1.854 621 1.854 633 NOV13 1.830 813 1.830 826 1.826 826 1.822 826 1.822 836 Cheese 40-lb. block DEC13 1.790 724 1.790 734 1.786 738 1.786 742 1.786 758 Price $1.7150 $1.7250 $1.7250 $1.7250 $1.7250 JAN 14 1.759 60 1.759 65 1.759 65 1.759 70 1.759 70 FEB 14 1.735 31 1.737 31 1.737 31 1.737 31 1.737 31 Change -3/4 +1 NC NC NC MAR 14 1.740 18 1.740 18 1.740 18 1.740 23 1.740 23 APR 14 1.737 15 1.737 15 1.737 15 1.737 19 1.737 19 Weekly average (June 17-21): Barrels: $1.7445(-.0255); 40-lb. Blocks: $1.7230(-.0130). MAY 14 1.730 17 1.730 17 1.730 17 1.730 17 1.730 17 Weekly ave.
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