milk pricing | Ag Proud

Price and pooling factors weigh on October FMMO uniform milk prices

An uptick in the Class I milk price supported uniform prices in high fluid utilization areas, but producers in other regions may feel the impact of lower Class II-III-IV milk prices and negative PPDs on their milk checks.

November 15, 2024

Dave Natzke

Here’s Progressive Dairy’s monthly review of October 2024 FMMO data to provide some additional transparency to your milk check.

USDA forecasts offer varied outlook for dairy’s financials

Lower cow numbers for the third quarter of 2024 were more than offset by higher milk output per cow.

November 11, 2024

Audrey Schmitz

The USDA’s World Ag Supply and Demand Estimates (WASDE) report offers forecasts for dairy, beef and feedstuffs.

Replacement cow prices climbed to a record-breaking high in October

November 4, 2024

Audrey Schmitz

Quarterly average prices in October hit a new all-time high of $2,600 per head according to estimates from the USDA.

September DMC margin is record-shattering at $15.57

In September, milk prices climbed nearly $2 while feed costs went down a nickel to deliver a $15.57 per cwt margin. This is the seventh consecutive month where indemnity payments have not been triggered through the Dairy Margin Coverage program.

October 31, 2024

Jenn Coyne

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report Oct. 31, which includes feed costs used to calculate the September Dairy Margin Coverage (DMC) program margins and indemnity payments. The month’s margin was $15.57 per hundredweight (cwt).

October FMMO milk class prices dip

October 2023 Federal Milk Marketing Order (FMMO) pooling estimates, uniform prices and producer price differentials are scheduled to be released on Nov. 11-14.

October 31, 2024

Dave Natzke

After peaking last month, U.S. dairy producer milk checks in many marketing areas are likely headed lower during the fourth quarter of the year.

Market forces elevate September FMMO uniform prices near two-year peaks

With a change in markets, FMMO uniform prices improved, but pooling levels modified and negative PPDs returned.

October 14, 2024

Dave Natzke

Here’s Progressive Dairy’s monthly review of September 2024 FMMO data to provide some additional transparency to your milk check.

USDA projections provide mixed news for dairy’s bottom line

Large crops and lower feed costs could help partially offset a dip in milk prices as dairy producers look to close out 2024 and plan ahead for 2025.

October 14, 2024

Audrey Schmitz

The USDA’s World Ag Supply and Demand Estimates (WASDE) report offers forecasts for dairy, beef and feedstuffs.

September FMMO milk class prices shine

September 2024 Federal Milk Marketing Order (FMMO) pooling estimates, uniform prices and producer price differentials are scheduled to be released on Oct. 11-14.

October 3, 2024

Dave Natzke

Dairy producers visiting World Dairy Expo are seeing some of the best cows in the U.S. Returning home, many could see some of the strongest milk checks in almost two years.

August delivers with $13.72 DMC margin

Milk prices rally while feed costs fall in August to support a Dairy Margin Coverage program margin of $13.72 per cwt, the highest margin recorded since the program’s inception in the 2018 Farm Bill.

September 28, 2024

Jenn Coyne

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report Sept. 27, which includes feed costs used to calculate the August Dairy Margin Coverage (DMC) program margins and indemnity payments. August’s margin was $13.72 per hundredweight (cwt).