• January 2023 Class I base price lower
• USDA awards dairy export funding
• November cull cow marketing mixed
• Butter inventories continue to shrink

Digest highlights

• USTR to press for Canadian USMCA dairy compliance
• Canadian dairy farmers to receive fourth DDPP payment
• Fed raises interest rates
• GDT index falls
• 2022 Census of Agriculture response deadline is Feb. 6, 2023
• Other news, briefly

Just 424 out of nearly 3.7 million milk samples tested positive for animal drug residues in the FDA’s annual analysis. Those samples testing positive were rejected for human consumption. That works out to be only one out of every 8,702 samples.

The number of milk cows on U.S. farms was estimated at 9.42 million head in November, the highest number since August 2021.

With recent forecasts predicting lower milk prices and tighter dairy income margins ahead, is 2023 the year you explore dairy risk management options? 

Progressive Dairy summarizes issues in the news and attempts to describe how they might affect dairy farmers.

Class IV pooling across all FMMOs represented about 7% of the total milk pooled. It was the ninth month so far in 2022 that Class IV pooling was below 10% of total milk pooled.

• Two more dairy projects receive ‘climate-smart’ funding
• 13 named to National Dairy Board
• Thompson elected House Ag Committee chair
• Canada’s AAFC announces CUSMA dairy compensation
• Other news, briefly

Dairy heifer and hay export volumes were lower in October.

The USDA’s December World Ag Supply and Demand Estimates and Crop Production reports provide production and price forecasts.