Update highlights

• January FMMO Class III-IV prices lower
• Fed raises interest rate
• GDT index rises
• Ag producer sentiment starts year stronger
• Coming up

October 2022 “mailbox” prices averaged about $1.04 per cwt less than announced average “all-milk” price for the same month.

As of Jan. 1, 2023, there were 29.5 replacements expected to calve for every 100 cows currently in the herd, the smallest percentage since 2001.

Digest highlights

• Hearing set to consider southeast U.S. FMMO proposals
• Farmers sought for study about how they balance children and work
• JDS: Milk’s packaging influences its flavor
• Other news, briefly

The number of milk cows on U.S. farms was estimated at 9.4 million head in December, the smallest number since February.

Digest highlights

• USDA announces second round of PMVAP payments
• $100 million Organic Dairy Marketing Assistance Program announced
• WOTUS lawsuit filed
• IDFA adds economist, policy support
• USDA updates organic enforcement rule
• 2025-30 Dietary Guideline Advisory Committee named
• USDA seeks comment on proposed animal disease traceability regulations
• Animal welfare group wants increased regulation of ‘custom-exempt’ slaughter operations
• Other news, briefly

Update highlights

• February 2023 Class I base price on the move again
• December cull dairy cow marketing higher
• Inflation hit dairy aisle in 2022
• November fluid sales stayed on trend
• GDT index dipped
• Coming up

While most of NMPF recommendations were approved last October, a specific recommendation related to Class I pricing differentials has taken longer to develop.

The end of January brings the enrollment deadline for the 2023 Dairy Margin Coverage (DMC) program and milk production data to settle fourth-quarter 2022 Dairy Revenue Protection (Dairy-RP) policies.