Articles Tagged with ''USDA reports''
December 2023 Federal Milk Marketing Order (FMMO) pooling estimates, uniform prices and producer price differentials are scheduled to be released on Jan. 11-14.
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Economic Update: Lots of dairy numbers to start the new year
Concerns over higher interest rates, input inflation and supplies are subsiding.
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November 2023 DMC margin moves above indemnity trigger
Small changes in the U.S. average feed cost and milk price were enough to push November’s Dairy Margin Coverage (DMC) margin higher.
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Dairy risk management calendar: January 2024
The 2024 Dairy Margin Coverage (DMC) program enrollment period should be announced soon.
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Economic Update: January 2024 Class I base price weakens
‘Average-of’ formula continues to impact price
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Cow numbers, milk production continue to decline in November USDA estimates
Ten states including California, New Mexico, Texas, Pennsylvania and Colorado reduced milk production a combined 188 million pounds.
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November prices aided by higher components as Class IV pooling stays low
Lower FMMO uniform prices were offset by higher seasonal butterfat and protein tests in many areas.
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Look for 2024 DMC program enrollment details early next year
As we saw in recent years, using beginning of the year milk and feed price forecasts to determine DMC participation can be risky.
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Reduced milk per cow, cow numbers lower USDA 2023-24 milk production estimates
The milk production forecast for 2023 was lowered from last month due to slower expected growth in milk per cow.
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