Based on Class III-IV milk futures prices, depooling incentives flip back to Class IV milk handlers in May and June.

Corn and soybean meal price projections are lower, but on-farm hay inventories are down.

The Coca-Cola Company will build a new $650 million fairlife production facility in Monroe County, New York.

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.

Weaker milk prices and tighter milk margins have curtailed escalating national average cow prices.

January 2023 average “mailbox” prices averaged about 82 cents per hundredweight (cwt) less than announced average “all-milk” prices for the same month.

NMPF will pursue two other components of its FMMO proposal outside of the federal order hearing process.

The March 2023 announced U.S. average milk price fell 50 cents from February to $21.10 per cwt, the lowest since November 2021.

Monthly dairy cull cow marketing hit a 36-year high in March, topping 300,000 head for just the third month since the whole-herd buyout program.

Class IV milk represented about 17% of the total milk pooled in all FMMOs in March, the highest volume and percentage since last May.