Markets

Question 1

Which of the following statements is true?

A) Over the past 40 years the US milking cow her has declined
B) The number of milk farm operations have declined in the US
C) US milk production has increased
D) All of the above are true.

Answer 1

All of these statements are true

Question 2

Which state is the number one producer of milk?

A) California
B) Wisconsin
C) Pennsylvania
D) Arkansas

Answer 2

California is the number one producer of milk.

Question 3

T/F. The number of cows per farm in the US has gone up.

Answer 3

True.

Question 4

What do Federal Milk Marketing Orders do?

Answer 4

FMMOs establish certain provisions under which dairy processors purchase fresh milk from dairy farmers supplying a marketing area.

Question 5

T/F. A quarter of all milk in the US is funded by federal component pricing

Answer 5

False. Half of all milk in the US is funded by federal component pricing.

Question 6

Which of the following is not important for milk pricing?

A) Milk content (fat, protein, solids)
B) Somatic cell counts
C) Country of origin
D) Bacterial counts

Answer 6

Only milk content, somatic cell counts, and bacterial counts are used when determining the price of milk.

Question 7

T/F. Overall consumption of milk has increased in the US.

Answer 7

False. Overall consumption of milk has decreased in the US.

Question 8

What percentage amount of US lactose is exported?

Answer 8

75% of lactose in the US is exported

Question 9

What two countries receive most of our milk exports?

Answer 9

China and Mexico

Question 10

T/F. Spray-dried milk is a major milk export for the US and has buying specifications based on the inactivation of spores.

Answer 10

True.