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.

California milk output was down despite increase in cow numbers.

Uniform prices were lower, the "average-of" Class I mover formula provided a small benefit on Class I prices and more Class IV milk returned to the pool.

NFU delegates called for creation of a farmer-led incentive-based milk production growth plan to match milk supply with profitable market demand.

U.S. dairy organizations prevail in a lawsuit decision reinforcing that “Gruyere” is a generic term used to market a type of cheese.

The 2023 milk production forecast was raised by 200 million pounds from last month, based on a larger cow inventory.

Digest highlights

• NMPF board advances FMMO proposal
• Appeals court rules ‘gruyere’ is generic term
• Lynn named Agri-Mark president and CEO
• GDT index, cheese price softens
• USDA offers risk management training funds
• Ag producer sentiment weakens

• February FMMO milk class prices back to 2021 levels
• Global dairy product prices declined in February
• Dairy margins ended February modestly higher
• RaboResearch: The dairy squeeze is on

Communications agency C.O.nxt provides public relations and marketing services for a wide range of companies and organizations, reaching from dairy producers to consumers. As such, they have a bird's-eye view of the “state of dairy” throughout the supply chain.