March 2023 Dairy Margin Coverage (DMC) program indemnity payments will top $126 million, boosting payments for the first three months of the year to more than $305 million.

The FDA guidance provides largely voluntary labeling of some plant-based beverages sold as dairy alternatives.

With a USDA decision deadline still about more week away, numerous dairy cooperatives have joined in voicing opposition to a dairy processor request for a Federal Milk Marketing Order (FMMO) hearing.

Factoring into dairy feed costs, 2023 dry hay acreage is expected to rebound slightly from last year’s 115-year low.

Class I milk prices are headed lower but interest rates aren’t. A district court issues a limited Waters of the U.S. injunction.

Digest highlights

• NMPF board advances FMMO proposal
• Appeals court rules ‘gruyere’ is generic term
• Lynn named Agri-Mark president and CEO
• GDT index, cheese price softens
• USDA offers risk management training funds
• Ag producer sentiment weakens

Update highlights

• January FMMO Class III-IV prices lower
• Fed raises interest rate
• GDT index rises
• Ag producer sentiment starts year stronger
• Coming up

Update highlights

• February 2023 Class I base price on the move again
• December cull dairy cow marketing higher
• Inflation hit dairy aisle in 2022
• November fluid sales stayed on trend
• GDT index dipped
• Coming up

December Federal Milk Marketing Order Class II, III and IV milk prices will be announced Jan. 5.

Digest highlights

• USTR to press for Canadian USMCA dairy compliance
• Canadian dairy farmers to receive fourth DDPP payment
• Fed raises interest rates
• GDT index falls
• 2022 Census of Agriculture response deadline is Feb. 6, 2023
• Other news, briefly