The USDA National Agricultural Statistics Service (NASS) released its latest Ag Prices report on Nov. 30, including factors used to calculate October 2023 Dairy Margin Coverage (DMC) margins and indemnity payments.

The history of bovine spongiform encephalopathy (BSE), also commonly named mad cow disease, began in the mid-1980s and even lingers today.

Here’s an update on economic factors impacting your dairy finances entering the final week of November 2023.

The Senate is expected to pass the legislation and send it to President Joe Biden this week, averting a potential government shutdown on Nov. 17.

Over the weekend, the four leaders of the House and Senate Agriculture Committees agreed to a provision that extends the current farm bill into next year.

The October DMC margin is forecast at about $9.54 per cwt, above the maximum Tier I DMC coverage level of $9.50 per cwt.