Dairy News
2024 U.S. dairy exports begin with dawdling first month
Global dairy demand is stagnant and anticipated to be through the first half of the year, with the 12th consecutive year-over-year monthly decline of U.S. dairy exports in January.
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SEC limits Scope 3 reporting in new climate rule
Publicly traded companies no longer have to disclose Scope 3 greenhouse gas emissions as part of an amendment by the U.S. Securities and Exchange Commission.
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USDA milk production lower due to lower cow inventories
The 2024 milk production forecast was lowered from last month. In addition, strong demand and price strength raised cheese and butter prices, while nonfat dry milk and whey price forecasts were lowered based on recent prices.
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Walmart to build its third milk processing plant in Texas
The facility will serve more than 750 stores throughout the South including Texas, Oklahoma, Louisiana and parts of Arkansas and Mississippi.
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Weekly Digest: Benchmarking farm employee compensation
Updates on dairy programs and recent cow number and dairy trade reports.
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Economic Update: Congress releases first six budget bills, including agriculture
The all-milk and mailbox price spread widened last November while FSA interest rates continue downward this month.
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January DMC margin is $8.48 per cwt
Lower feed costs lessened the blow of suppressed milk prices in January, yet combined, triggered the first DMC payment for 2024.
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