Dairy News
A staggering drop in feed costs and a rising milk price in June supported a margin not seen since 2022 for the Dairy Margin Coverage program. With few indemnity payments issued, producers are reminded that premiums for 2024 coverage must be paid by September.
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Large decline in dairy cow culling seen in June
Dairy cull cows marketed through U.S. slaughter plants lowest since July 2006 and may lead to increases in July milk production and cow numbers.
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Dairy risk management calendar: August 2024
Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
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Milk production continues to decline in USDA June estimates
The preliminary estimate of overall June 2024 milk production was lower than the same month a year earlier.
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June 2024 FMMO uniform prices improve
Many milk marketing areas see highest blend prices in more than a year.
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Lower milk output per cow offsets higher cow inventories
Cheese, butter, whey and nonfat dry milk (NDM) price forecasts for 2024 are raised from the previous month on recent price strength and an expectation of tighter milk supplies.
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U.S. dairy exports struggle as May slips 5%
In May, cheese continued shining while other dairy products disproportionately weighed on the market, embodying the ebb and flow of the dairy industry this year.
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