Dairy Industry Flashcards
States ranking 1, 2, 3, 15
California, Wisconsin, Idaho, Indiana
Best marketing scheme/ploy
Milk production
Leading countries for number of cattle (Most to least)
India, EU, Brazil, Russian Red, US
Leading countries in fluid milk production (Most to least)
EU, US, India, China, Russian Fed.
Dairy production is _____ specialized. Like what?
Highly; Production, processing, and distribution, invest in cows, machinery, barns, parlors
Average US dairy has how many cows, farm how many acres of land, and market how..?
135 milking cows, 200-300 acres of land, market through co-ops
Number of dairy herds has been _____
Decreasing
Investments in dairy herds exceed $_________ and most have ________
$500,000; partnerships
Average herd size has been _____
Increasing
Total number of dairy cows in US has been _____
Decreasing
Milk production per cow has been ______
Increasing
Production trend show that… Result from what?
Total US milk production continue to increase. Result from good breeding, feeding, health, and management
One gallon of milk weighs _____ lbs
8.6
How are milk prices determined?
Federal Milk Marketing Orders (FMMO)
How did pre-2000 farm bills producers get paid?
Received a government milk payment (mailbox price)
Farm bill req for FMMO
Milk handlers (processors/co-ops) are required to pay producers based on their milk utilization, producers in a market share in proceeds of all milk sales pooled, a minimum milk price reflects end-product pricing
Agriculture commodities are traded in ______
Chicago
Southeast part of US (Florida, Texas…) are importers or exporters of milk?
Importers
Which breed’s milk is the most water?
Holstein
Class 2 Milk
Soft dairy products - Ice cream, yogurt, cottage cheese
Class 1 Milk
Fluid milk for drinking, includes eggnog and buttermilk
Class 3 Milk
Hard dairy products - Hard cheese, cream cheese, and whey
Class 4 Milk
Butter and dry products (powdered milk)
Which class of milk is typically the most valuable?
Class 1
