Checks for November milk production will again reflect diverging Federal Milk Marketing Order (FMMO) Class III-IV milk prices.

Here’s an update on economic factors impacting your dairy finances as November 2023 comes to a close.

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

Roughly 40% of all U.S. dairy farms have non-family member employees, and about 70% of those workers are immigrant employees.

Struggling cheese and protein prices weakened the Class III price, offsetting strong butterfat and Class IV prices and widening the Class III-IV price spread, adding substantial Class IV depooling incentives.

Here is a brief look at the news affecting dairy producers as October 2023 comes to a close.

Farm lending activity at commercial banks has slowed as the Federal Reserve Board’s Federal Open Market Committee meets to consider adjusting interest rates again.