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December FMMO milk class prices lower
December 2023 Federal Milk Marketing Order (FMMO) pooling estimates, uniform prices and producer price differentials are scheduled to be released on Jan. 11-14.
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Dairy News
Economic Update: Lots of dairy numbers to start the new year
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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InFocus: Cheese consumption hits all-time high in 2022
USDA data shows American dairy per-capita consumption across products consistently increasing each year, with 2022 up 0.4% over the past five years, 7.5% over the past 15 years and 16.1% over the past 30 years.
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Dairy risk management calendar: January 2024
The 2024 Dairy Margin Coverage (DMC) program enrollment period should be announced soon.
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Economic Update: January 2024 Class I base price weakens
‘Average-of’ formula continues to impact price
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Cow numbers, milk production continue to decline in November USDA estimates
Ten states including California, New Mexico, Texas, Pennsylvania and Colorado reduced milk production a combined 188 million pounds.
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Weekly Digest: Whole milk in school
Approved in the House, a bill expanding school milk options faces delays in the Senate.
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