Compared to last month, the USDA raised the U.S. milk production estimate for 2023 slightly, but also raised Class III and all-milk price forecasts.

While still historically low, February 2023 exports of most U.S. hay products rebounded slightly from January.

Factoring into dairy feed costs, 2023 dry hay acreage is expected to rebound slightly from last year’s 115-year low.

Following previous action in the House, the Senate passed a Waters of the U.S. (WOTUS) resolution of disapproval.

The National Milk Producers Federation is expected to submit its own FMMO hearing request to the USDA later in April.

The February 2023 indemnity payments continue what looks to be a lengthy trend, with monthly margins projected to be below $9 for all months until October.

Central to IDFA and WCMA petitions are make allowances, incorporated into FMMO milk pricing formulas two decades ago.

Transcripts of hearing testimony to consider changes in three Southeast U.S. Federal Milk Marketing Orders (FMMO) are now available.

Here’s an update on risk management tools available through the USDA and/or USDA’s Risk Management Agency (RMA), as well as information impacting your milk check.

Class I milk prices are headed lower but interest rates aren’t. A district court issues a limited Waters of the U.S. injunction.