Dairy News
Meanwhile, the national hearing on Federal Milk Marketing Order (FMMO) pricing formulas resumes this week at a new location.
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October DMC margin hits 10-month high at $9.44 per cwt
Overall U.S. average feed costs were lower and milk prices were up, pushing the milk income margin to the highest level since December 2022.
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Dairy risk management calendar: December 2023
Progressive Dairy provides monthly online updates of important dates, reports and factors affecting risk management decisions.
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Economic Update: December 2023 Class I base price steady
Dairy cow culling remained slower in October and average farm wages were up.
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Dispute panel sides with Canada over TRQs, dairy market access
Ruling means Canada is not obligated to make further changes to its tariff-rate quotas.
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Weekly Digest: WOTUS will stay in news, courts in 2024
Amended complaints challenge the revised WOTUS rule on a number of grounds, including failure to include a comment period when the new rule was to be implemented.
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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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Milk production decreases in USDA October estimates
The U.S. dairy herd is the smallest since January 2022, pulling October 2023 U.S. milk production down 0.5% from a year earlier.
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House bill passage paves way for farm bill, DMC extension
Bill contains special provisions for dairy producers.
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