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

Ten states including California, New Mexico, Texas, Idaho and Colorado reduced milk production by a combined 224 million pounds.

The Senate is expected to pass the legislation and send it to President Joe Biden this week, averting a potential government shutdown on Nov. 17.

Here’s Progressive Dairy’s monthly review of October FMMO data to provide some additional transparency to your milk check.

Trends that have been keeping overall U.S. dairy exports in check for most of the year remain largely unchanged.

Over the weekend, the four leaders of the House and Senate Agriculture Committees agreed to a provision that extends the current farm bill into next year.

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.

Progressive Dairy reviews the USDA’s latest World Ag Supply and Demand Estimates (WASDE) and Crop Production reports to identify potential influences on dairy producer income.

Roughly 40% of all U.S. dairy farms have non-family member employees, and about 70% of those workers are immigrant employees.