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

With prices for all milk classes rising during June Dairy Month, milk checks for June milk production will be stronger.

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report June 28, which includes feed costs used to calculate May Dairy Margin Coverage (DMC) program margins and indemnity payments. May’s income over feed cost was $10.52 per hundredweight (cwt), the largest margin since November 2022.

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

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report May 31, which includes feed costs used to calculate April Dairy Margin Coverage (DMC) program margins and indemnity payments. A $9.60 per hundredweight (cwt) margin was the result of a rally in milk during the second half of the month to offset the steady feed markets.

Here’s Progressive Dairy’s monthly review of April 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.

Federal Milk Marketing Order (FMMO) “mailbox” prices averaged about 96 cents per hundredweight (cwt) less than announced average “all-milk” prices in January. It was the widest monthly spread since November 2022.

Milk checks for April milk production will reflect a lower Federal Milk Marketing Order (FMMO) Class III price and a historically low protein component value.