Dairy Industry Issues
Meeting this week, the Federal Reserve Board’s Federal Open Market Committee (FOMC) held interest rates steady.
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September DMC margin hits $8.44 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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Weekly Digest: House ag appropriations, farm bill timelines proposed
The USDA’s Organic Livestock and Poultry Standards final rule has been released.
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Weekly Digest: Proposal elevates USDA organic dairy programs, data collection
September U.S. dairy cull cow marketing slowed to a 15-month low.
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September milk production lower as cow numbers decline
The U.S. dairy herd is the smallest since January 2022, pulling year-over-year milk production down for a third straight month.
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Weekly Digest: GDT index increases again
September milk production estimates will be released late this week.
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September milk checks should improve
Uniform prices improved in all marketing areas, with only small gains in Class IV milk pooling.
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Walmart to build $350 million fluid milk processing plant in Georgia
The products from the facility will serve more than 750 Walmart stores and Sam’s Clubs in the Southeast.
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Economic Update: Dairy Forward Pricing Program has expired, for now
Oct. 16 is the deadline to sign up for the USDA’s Milk Loss Program.
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