Milk Marketing
The preliminary estimate of overall July 2024 milk production was lower than the same month a year earlier.
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July 2024 FMMO uniform prices mostly higher but Class IV pooling falls to 11-year low
The increase in actual blend prices likely limited by summer dips in fat and protein tests.
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August WASDE report projects a record-high soybean crop
Based on conditions as of Aug. 1, soybean yields are expected to average a record high of 53.2 bushels per acre, up 1.2 bushels from last month and up 2.6 bushels from 2023.
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July FMMO milk class prices mixed
July 2023 Federal Milk Marketing Order (FMMO) pooling estimates, uniform prices and producer price differentials are scheduled to be released on Aug. 11-14.
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June DMC margin is $11.66 per cwt, premiums due soon
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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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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