Articles Tagged with ''USDA reports''
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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Weekly Digest: Bell ringing for FMMO hearing recess, school milk choices
Making a list of December 2023 dairy-related topics and checking it twice
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Weekly Digest: DMC payments, dairy export updates
The USDA’s dairy export forecast is reduced as the overall ag trade deficit grows.
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