Dairy Industry Issues
Dairy risk management calendar: October
Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
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Milk production decreases slightly in August USDA estimate
August U.S. milk production was unchanged from previous month but was down about 0.1% from USDA’s estimates a year earlier.
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August report on dairy cows culled for beef
Dairy cull cows marketed through U.S. slaughter plants in August lowest since 2020.
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September WASDE report projects third-highest production for corn on record
Based on conditions as of Sept. 1, corn yields are forecast at a record-high 183.6 bushels per acre, which is 0.5 bushels higher than last month’s projection and up 6.3 bushels from last year’s final estimate of 177.3 bushels.
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Ag loan interest rates move in positive direction
Quarterly lender surveys reveal a slight drop in agricultural loan interest rates for quarter two of 2024.
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Economic Update: U.S. exporters’ secure rights to use common food names in Chilean market
Global dairy trade, FSA interest rates and farmer sentiment shift downward.
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