USDA INCREASES DAIRY SUPPORT PRICES
News Date August 04, 2009
Agriculture Secretary Tom Vilsack announced an increase in dairy support prices to provide immediate assistance to the struggling dairy industry. This increase, which was heavily supported by the dairy industry, as well as on Capitol Hill, will provide $243 million in increased revenue to American dairy producers. The support price increases, which will be in effect from August 2009 to October 2009, include nonfat dry milk from $0.80 per pound to $0.92 per pound, cheddar blocks from $1.13 per pound to $1.31 per pound, and cheddar barrels from $1.10 per pound to $1.28 per pound. (Contact: David Hickey)