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.

The USDA National Agricultural Statistics Service (NASS) released its latest Ag Prices report on Oct. 31, including factors used to calculate September 2023 Dairy Margin Coverage (DMC) margins and indemnity payments.

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.

Without a 2023 Farm Bill or temporary extension of the 2018 Farm Bill, the Dairy Margin Coverage (DMC) program expires at the end of the calendar year.

As we know, good welfare is important for cows. However, we also want to ensure we have good welfare practices in place with our two-legged teammates. Their interactions with our cows may also increase their health and well-being.

The annual National Cooperative Bank survey showed dairy co-ops made up 16 of the Top 100 cooperatives for revenue in 2022. Agriculture continues to lead all sectors in annual cooperative revenue.

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

With congressional failure to approve a 2023 Farm Bill, new milk supply contracts under the Dairy Forward Pricing Program are no longer authorized.