Milk Marketing | Progressive Dairy

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.

FMMO modernization: USDA releases final decision, goes to producer referendum

November 14, 2024

Kimmi Devaney

The USDA Agricultural Marketing Service (AMS) released their Federal Milk Marketing Order (FMMO) final decision on Nov. 12, which will be voted on by dairy producers in a referendum before the end of the year. Ballots must be postmarked by Dec. 31.

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.

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.

Weekly Digest: Class I base price dips for November

October 24, 2024

Dave Natzke and Karen Lee

Here are some updates in dairy news this week.

Dairy risk management calendar: November

Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.

October 24, 2024

Jenn Coyne

Milk futures remain high as feed costs drop to levels last seen in 2020, yet other market pressures such as lower butter and cheese prices and waning holiday demand, as well as recent milk production reports revealing gains for the first time in more than a year, complicate the matter.

Milk production up slightly in September

September U.S. milk production was up from a year prior, but down from the USDA’s August revised estimates.

October 23, 2024

Jenn Coyne

U.S. milk production was down 3.9% in September compared to a month prior, according to the USDA’s September Milk Production report released Oct. 21. Production was up 0.1% year over year, while third quarterly estimates (July-September) were also up slightly from the same time in 2023.