The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report Dec. 31, 2024, which includes feed costs used to calculate the November Dairy Margin Coverage (DMC) program margins and indemnity payments. As expected, the margin fell to $14.29 per hundredweight (cwt).

Dairy cull cows marketed through U.S. slaughter plants in November lowest since 2009.

Ten states including California, New Mexico and Idaho reduced milk production a combined 370 million pounds in November.

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.

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

U.S. dairy exports declined 2% year over year in milk solid equivalents (MSE) during the month of October, the result of slow sales to Southeast Asia despite another month of mounting cheese exports. Here’s Progressive Dairy’s 30,000-foot view of dairy-related export categories.

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).