milk pricing | Ag Proud

November 2024 FMMO uniform milk prices remain fluid

FMMO marketing areas with high Class I utilization posted small uniform milk price increases in November. Elsewhere, a weaker Class III milk price and Class IV milk depooling brought uniform prices down.

December 16, 2024

Dave Natzke

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

USDA projections highlight increased milk production

Milk production forecasts for 2024 are raised from last month on higher milk cow numbers.

December 11, 2024

Audrey Schmitz

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

November FMMO milk class prices mixed

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

December 5, 2024

Dave Natzke

U.S. dairy producer November milk checks are likely weakening to end the year.

October DMC margin is $15.17

Margins deteriorated some in October as feed costs remained mixed, and milk prices dropped due to concerns of constrained production with a shortage of heifer replacements for the milking herd, resulting in a DMC margin 40 cents less than the previous month.

December 2, 2024

Jenn Coyne

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report Nov. 19, which includes feed costs used to calculate the October Dairy Margin Coverage (DMC) program margins and indemnity payments. The margin slipped to $15.17 per hundredweight (cwt).

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.