Dairy Industry Issues
As we saw in recent years, using beginning of the year milk and feed price forecasts to determine DMC participation can be risky.
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Reduced milk per cow, cow numbers lower USDA 2023-24 milk production estimates
The milk production forecast for 2023 was lowered from last month due to slower expected growth in milk per cow.
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Weekly Digest: Bell ringing for FMMO hearing recess, school milk choices
Making a list of December 2023 dairy-related topics and checking it twice
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Progressive Events: DMI partnerships, NMPF leadership transition, dairy policy updates highlighted at 2023 joint annual meeting
“Making every drop count and expanding dairy’s future.”
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Weekly Digest: DMC payments, dairy export updates
The USDA’s dairy export forecast is reduced as the overall ag trade deficit grows.
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Ballot deadline is Dec. 22 for southeastern U.S. FMMO amendments
The amendments affect the Appalachian, Southeast and Florida Federal Milk Marketing Orders.
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Economic Update: Dairy downturn, interest expenses highlight 2023 USDA income forecast
The USDA’s latest milk production and price forecasts are updated late this week.
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Weekly Digest: Final decision issued for Southeast FMMOs
Meanwhile, the national hearing on Federal Milk Marketing Order (FMMO) pricing formulas resumes this week at a new location.
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October DMC margin hits 10-month high at $9.44 per cwt
Overall U.S. average feed costs were lower and milk prices were up, pushing the milk income margin to the highest level since December 2022.
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