The USDA’s World Ag Supply and Demand Estimates (WASDE) report offers forecasts for dairy, beef and feedstuffs. 

Milk checks for March milk production should reflect higher Federal Milk Marketing Order (FMMO) prices for all milk classes. The increase could be short-lived.

Dairy Revenue Protection (Dairy-RP) has emerged as an effective risk management tool for dairy producers, offering protection against unexpected declines in quarterly milk revenue.

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report March 28, which includes feed costs used to calculate February Dairy Margin Coverage (DMC) program margins and indemnity payments.

Here's Progressive Dairy’s look ahead at important dates, reports and advice affecting risk management decisions, as well as other information impacting your milk check in April.

Year-over-year U.S. milk production was up 2.2% in the February USDA report. However, with February 2024 containing an extra day due to “leap year,” the adjusted number is closer to -1.1% on a daily basis.

Here’s an update on economic factors impacting your dairy’s financial picture.

Here’s Progressive Dairy’s monthly review of February 2024 FMMO data to provide some additional transparency to your milk check.

Here is a quick look at dairy-related news from last week.

The USDA’s World Ag Supply and Demand Estimates (WASDE) report identifies milk and feed factors potentially impacting dairy producer income in the year ahead.