Profitability
Concerns over higher interest rates, input inflation and supplies are subsiding.
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November 2023 DMC margin moves above indemnity trigger
Small changes in the U.S. average feed cost and milk price were enough to push November’s Dairy Margin Coverage (DMC) margin higher.
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The four-part financial package that rebuilt a lender’s trust
When combined with an actionable plan, a cash flow statement, current budget, projected budget and regular progress reports are four documents that can help to rebuild trust with a lender.
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Economic Update: January 2024 Class I base price weakens
‘Average-of’ formula continues to impact price
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Reduced milk per cow, cow numbers lower USDA 2023-24 milk production estimates
The milk production forecast for 2023 was lowered from last month due to slower expected growth in milk per cow.
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Weekly Digest: DMC payments, dairy export updates
The USDA’s dairy export forecast is reduced as the overall ag trade deficit grows.
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Economic Update: Dairy downturn, interest expenses highlight 2023 USDA income forecast
The USDA’s latest milk production and price forecasts are updated late this week.
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Economic Update: Ag loan interest rates nearing 9%
October’s Dairy Margin Coverage (DMC) program margin will be announced next week.
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Weekly Digest: House panels says dairy producers need H-2A program
The USDA released preliminary 10-year agricultural projections for major U.S. crops and livestock products, including dairy.
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Economic Update: October FMMO milk class prices diverge
Meeting this week, the Federal Reserve Board’s Federal Open Market Committee (FOMC) held interest rates steady.
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