Here is a look at news affecting a dairy producer's bottom line this third week of December 2024.

The December Feed Outlook report shows the 2024-25 U.S. corn ending stocks are reduced on greater use. The 2024-25 U.S. coarse grains supply forecast remains relatively unchanged this month at 447.5 million tons.

The December World Agricultural Supply and Demand Estimates report (WASDE) showed this month’s 2024-25 U.S. corn outlook is for greater corn used for ethanol, larger exports and lower ending stocks.

In the news affecting dairy producers' bottom lines as we begin December 2024: Farmer is sentiment strong following the U.S. election, the GDT index increases again, and NMPF calls for dairy producers to support the Innovative FEED Act.

The November Feed Outlook report shows 2024-25 U.S. coarse grains supplies are reduced on lower corn yields. The 2024-25 U.S. coarse grain supply forecast is lower this month, as a slight decrease in corn yields offsets gains in sorghum supplies realized through elevated yields.

• Requirement for electronic ID tags now in effect
• Utah becomes 15th state with HPAI in dairy, following mandatory surveillance
• GDT index up 4.8%
• November FSA interest rates continue to low
• Farmer sentiment bounced back in October

The October Feed Outlook report shows this month’s 2024-25 U.S. coarse grains outlook is for reduced supplies, despite an increase in output. Although sorghum supplies are raised on higher production and beginning stocks, lower corn carry-in for 2024-25 more than offsets these gains – including a corn production bump.