Dairy Industry Issues
Dairy risk management calendar: December 2023
Progressive Dairy provides monthly online updates of important dates, reports and factors affecting risk management decisions.
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Economic Update: December 2023 Class I base price steady
Dairy cow culling remained slower in October and average farm wages were up.
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Dispute panel sides with Canada over TRQs, dairy market access
Ruling means Canada is not obligated to make further changes to its tariff-rate quotas.
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Weekly Digest: WOTUS will stay in news, courts in 2024
Amended complaints challenge the revised WOTUS rule on a number of grounds, including failure to include a comment period when the new rule was to be implemented.
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Economic Update: Ag loan interest rates nearing 9%
October’s Dairy Margin Coverage (DMC) program margin will be announced next week.
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Milk production decreases in USDA October estimates
The U.S. dairy herd is the smallest since January 2022, pulling October 2023 U.S. milk production down 0.5% from a year earlier.
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House bill passage paves way for farm bill, DMC extension
Bill contains special provisions for dairy producers.
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October FMMO uniform prices mixed as Class IV pooling dips
Class IV pooling volume, percentage were second-lowest in past two years.
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U.S. ag trade balance deficit deepens
Despite record shipments of whey protein concentrate and a rebound in U.S. cheese exports, year-over-year U.S. dairy exports fell again in September.
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