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Articles Tagged with ''USDA reports''

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).


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September 2024 USDA Feed Outlook report

September 27, 2024
Abigail George

The September Feed Outlook report shows the 2024-25 U.S. coarse grains supply is relatively unchanged. This month’s outlook is for marginally higher supplies and slightly tighter stocks.


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Milk production decreases slightly in August USDA estimate

August U.S. milk production was unchanged from previous month but was down about 0.1% from USDA’s estimates a year earlier.
September 23, 2024
Audrey Schmitz

Seventeen states including Wisconsin, New Mexico, Minnesota and Arizona reduced production a combined 233 million pounds.


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August report on dairy cows culled for beef

Dairy cull cows marketed through U.S. slaughter plants in August lowest since 2020.
September 23, 2024
Audrey Schmitz

Dairy cull cows marketed through U.S. slaughter plants in August lowest since 2020.


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August 2024 FMMO uniform prices move higher as Class III-IV markets move

Blend prices are near a two-year high and could move higher in the fourth quarter of 2024.
September 18, 2024
Dave Natzke

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


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Soybean prices remain at $10.80 per bushel

September 17, 2024
Abigail George

The September World Agricultural Supply and Demand Estimates report (WASDE) showed the U.S. corn outlook has smaller supplies and a modest decline in ending stocks. Projected beginning stocks for 2024-25 are 55 million bushels lower based on increases in exports and corn used for ethanol for 2023-24.


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Weekly Digest: Farm corporations, LLCs and similar entities required to file BOI report

September 16, 2024
Karen Lee

Here is your dairy-related news for the third week in September.


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September WASDE report projects third-highest production for corn on record

Based on conditions as of Sept. 1, corn yields are forecast at a record-high 183.6 bushels per acre, which is 0.5 bushels higher than last month’s projection and up 6.3 bushels from last year’s final estimate of 177.3 bushels.
September 16, 2024
Audrey Schmitz

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


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July exports climb after unassertive first half of 2024

After a modest start to 2024, July’s dairy exports posted strong gains and set momentum for the second half of the year.
September 11, 2024
Jenn Coyne

Gains made across all categories helped U.S. dairy exports post a 9.6% year-over-year rise in milk solids equivalent in July. The month’s success set the tone for an optimistic second half of the year. Here’s Progressive Dairy’s 30,000-foot view of dairy-related export categories.


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July DMC margin highest since May 2022

A continued downturn in feed costs contributed to a favorable income over feed cost for dairy producers last month. July’s Dairy Margin Coverage margin was $12.33 per cwt, the highest the program’s seen since May 2022.
August 31, 2024
Jenn Coyne

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report Aug. 30, which includes feed costs used to calculate the July Dairy Margin Coverage (DMC) program margins and indemnity payments. July’s margin was $12.33 per hundredweight (cwt).


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