Dairy Industry Issues
Here is a brief look at the news affecting dairy producers for the week of June 4-10, 2023.
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Economic update: April 2023 DMC payments top $134 million
Here’s an update of factors impacting your dairy income for the week of June 4-10, 2023.
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Class III price hits 21-month low in May
May 2023 FMMO pooling estimates, uniform prices and producer price differentials are scheduled to be released on June 11-14.
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USDA releases FMMO modernization ‘action plan’
Under the proposed rulemaking process a tentative hearing may start in late August.
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Weekly Digest: U.S. Supreme Court limits WOTUS authority
The scope of federal regulatory authority through the Clean Water Act has been controversial for many years and the subject of multiple lawsuits.
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April 2023 DMC margin falls to $5.84 per cwt
A declining U.S. average milk price more than offset lower average overall feed costs, keeping the milk income margin at its lowest level since August 2021.
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Economic update: April dairy cull cow marketing slowed
Here’s an update of factors impacting your dairy income for the week of May 28 – June 3, 2023.
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Weekly Digest: Ag loan interest rates moving above 8%
The current extended period of milk production growth has been weak, but downward pressure on prices continues.
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Texas dairy fire impacts April milk production report
Year-over-year U.S. milk production was up just 0.3% as growth in per-cow output remained slow.
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Weekly Digest: Dairy co-ops add support to NMPF petition
The USDA AMS received the NMPF request on May 2 and has 30 days to either deny, issue an action plan or request additional information for any petitions seeking to amend a current FMMO.
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