Articles Tagged with ''USDA reports''

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December 2024 FMMO uniform milk prices decline

FMMO marketing area uniform milk prices declined in December, in most cases dropping by more than $1 per cwt from November. Weaker milk class prices and Class IV depooling played a role.
January 15, 2025
Dave Natzke

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


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December WASDE report forecasts lower milk production

The milk production forecast for 2024 is lowered from last month, with lower milk cow inventories and lower expected milk per cow based on the most recent Milk Production report.
January 15, 2025
Audrey Schmitz

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


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U.S. dairy exports slump as prices rise, demand eases

Global demand eased as U.S. dairy commodity prices rose in November, leading to a 9% drop of U.S. dairy product exports.
January 13, 2025
Jenn Coyne

Following a striking 7% year-over-year gain in the third quarter of 2024, fourth quarter is looking less impressive as data revealed a 9% fall in milk solid equivalents in November 2024, the second consecutive month of fewer exports.


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November DMC margin settles at $14.29

Dairy margins deteriorated some in November as milk prices fell and feed costs were mixed throughout the month, leading to a DMC margin of $14.29 per cwt.
December 31, 2024
Jenn Coyne

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).


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The small producer’s impact on the beef business

How much does the small producer mean to the overall health of the U.S. beef industry, local economies and consumer education efforts? More than you think.
December 12, 2024
Bryan Sanderson

I felt I needed to discuss the role a small producer plays in the beef industry’s economic impact, both directly and indirectly, in shaping the future of the beef business and the industries that support it – and, maybe more importantly, how the small producer provides a social and cultural fabric for many Americans.


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