Milk Marketing
May 2023 Federal Milk Marketing Order (FMMO) pooling estimates, uniform prices and producer price differentials are scheduled to be released on June 11-14.
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April DMC margin is $9.60 per cwt
The feed market was strong in April, but milk prices held on to end the month with a $9.60 per hundredweight (cwt) income over feed cost margin. This is the second time in 2024 that indemnity payments are not triggered through the Dairy Margin Coverage program.
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Dairy risk management calendar: June 2024
Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
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April milk production lower as cow numbers decline
Twelve states including New Mexico, Texas, Oregon, Kansas and Georgia reduced milk production a combined 218 million pounds.
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Revisions to Dairy-RP to affect upcoming coverage calculations
The Federal Crop Insurance Corporation board of directors approved revisions for Dairy-RP. Most notably, how Yield Adjustment Factors will be calculated for non-major dairy states.
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Increased cow numbers, milk per cow raise 2024-25 milk production estimates
Milk production in 2025 is forecast to increase from 2024, driven by higher milk per cow and an expanding milk cow herd.
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