Here’s an update on news impacting your dairy as we close out the first full week of December 2023.

Here’s an update on news impacting your dairy during the first full week of December 2023.

The USDA National Agricultural Statistics Service (NASS) released its latest Ag Prices report on Nov. 30, including factors used to calculate October 2023 Dairy Margin Coverage (DMC) margins and indemnity payments.

The Dairy Margin Coverage (DMC) program has been extended into 2024. Watch for enrollment details.

Here’s an update on economic factors impacting your dairy finances entering the final week of November 2023.

The October DMC margin is forecast at about $9.54 per cwt, above the maximum Tier I DMC coverage level of $9.50 per cwt.

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.

The most common injury caused by pressure washers are lacerations, followed by bruises, punctures and eye injuries.

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.