Compared to last month, the USDA raised the U.S. milk production estimate for 2023 slightly, but also raised Class III and all-milk price forecasts.

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

The National Milk Producers Federation is expected to submit its own FMMO hearing request to the USDA later in April.

The February 2023 indemnity payments continue what looks to be a lengthy trend, with monthly margins projected to be below $9 for all months until October.

Central to IDFA and WCMA petitions are make allowances, incorporated into FMMO milk pricing formulas two decades ago.

Fluid milk sales started the new year as they ended the last one, trending lower.

Here’s an update on risk management tools available through the USDA and/or USDA’s Risk Management Agency (RMA), as well as information impacting your milk check.

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

Uniform prices were lower, the "average-of" Class I mover formula provided a small benefit on Class I prices and more Class IV milk returned to the pool.

The 2023 milk production forecast was raised by 200 million pounds from last month, based on a larger cow inventory.