The four-month decline in U.S. cow numbers may have come to a halt.

Here’s Progressive Dairy’s monthly review of August FMMO data  to provide some additional transparency to your milk check.

DMC margins are expected to improve through the end of 2023, but current futures prices indicate indemnity payments at top coverage levels are likely in 10 of 12 months.

From this week's USDA World Ag Supply and Demand Estimates (WASDE) and Crop Production reports to Rabobank's quarterly Global Dairy update, Progressive Dairy summarizes factors potentially impacting dairy producer income.

Milk checks for August production will reflect stronger protein and Class III milk prices and the highest Class IV milk price since January. A narrower price spread between Class III-IV milk prices could start to bring more Class IV milk to FMMO pools.

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

High summer culling rates are helping kick off better milk prices this fall.