The USDA revised the February 2024 milk production estimate slightly lower. With the revisions, both U.S. and major state U.S. production were down about 0.1% from USDA’s preliminary estimates a month earlier.

Here’s Progressive Dairy’s monthly review of March 2024 FMMO data to provide some additional transparency to your milk check.

The USDA’s World Ag Supply and Demand Estimates (WASDE) report offers forecasts for dairy, beef and feedstuffs. 

The U.S. dairy product export market rebounded in February with export volumes lifting for the first time in over a year. Cheese was the shining star with historic volumes recorded. Here’s Progressive Dairy’s 30,000-foot view at dairy-related export categories.

With the recent release of the 2022 Census of Agriculture, we now have a clearer picture of agriculture’s changing landscape and, more specifically, how those shifting dynamics look in our state.

Milk checks for March milk production should reflect higher Federal Milk Marketing Order (FMMO) prices for all milk classes. The increase could be short-lived.

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report March 28, which includes feed costs used to calculate February Dairy Margin Coverage (DMC) program margins and indemnity payments.