Class i - Articles - Page 5

Producers in several regions expressed strong opinions about changes to Class I differentials, which have not been adjusted since FMMO reform in 2000.

Producers agree on preferred changes to Class I mover

November 2, 2023

Kimmi Devaney

While producer opinions differed greatly on most proposals during the Federal Milk Marketing Order (FMMO) Pricing Formula Hearing, one potential change that many agreed with is the need to return to the “higher of” Class III or IV in the Class I mover formula.

Feeding cows during challenging milk prices

This summer there has been a notable discrepancy in milk pricing between Class III and IV. Now is the time to consider strategies for maximizing efficiency and avoiding extra feed costs.

October 16, 2023

Gabriela Maldini

Through the beginning of the fall, we continue to see this variation between milk protein and butterfat prices. Make a plan with your nutritionist and consultants to develop strategies that can and should be put in place to increase profits.

Economic update: Class I milk base price, culling rates hit five-month highs

The Class I milk base price rebounds in October while the year-to-date dairy cow culling rate is the highest since 1986.

September 22, 2023

Dave Natzke

The Federal Reserve Board’s Federal Open Market Committee (FOMC) voted to maintain the interest rate for federal funds at 5.5%.

Pools and schools: A look at August FMMO numbers

Thanks to higher component values, August uniform prices improved outside of high Class I utilization marketing areas.

September 18, 2023

Dave Natzke

Here’s Progressive Dairy’s monthly review of August FMMO data to provide some additional transparency to your milk check.

FMMO hearing: Proposed changes to make allowances discussed during week 3

September 13, 2023

Kimmi Devaney

The Federal Milk Marketing Order (FMMO) Pricing Formula Hearing was in recess for the Labor Day holiday on Sept. 4, and proposals regarding potential changes to manufacturing allowances (make allowances) were a focus during the remainder of the week.