Usda reports - Articles - Page 26

February DMC margin is $9.44 per cwt

An improved all-milk price by 50 cents coupled with mostly lower feed costs gave way to a DMC margin of $9.44, still triggering payments through the program.

March 28, 2024

Jenn Coyne

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report March 28, which includes feed costs used to calculate February Dairy Margin Coverage (DMC) program margins and indemnity payments.

Cattle on Feed report shows high February placements

There was a 10% increase in February feedlot placements from 2023 to 1.89 million head, representing the most February placements since at least 1996.

March 27, 2024

Tyrell Marchant

There was a 10% increase in February feedlot placements from 2023 to 1.89 million head, representing the most February placements since at least 1996.

Leap day boosts February dairy cow beef marketing slightly

March 25, 2024

Audrey Schmitz

Monthly dairy cull cow marketing is the highest since August 2023.

USDA Feed Outlook shows global corn stocks are reduced

March 25, 2024

Abigail George

The March Feed Outlook report shows the global 2023-24 corn stocks are reduced. Foreign corn production is lower this month, as it was last month, with the largest reductions for South Africa, Ukraine and Mexico.

Dairy risk management calendar: April 2024

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

March 23, 2024

Jenn Coyne

Here's Progressive Dairy’s look ahead at important dates, reports and advice affecting risk management decisions, as well as other information impacting your milk check in April.

Leap day factors into milk production jump

Milk production and output per cow increase in USDA estimates due to extra “leap year” day in February.

March 21, 2024

Audrey Schmitz

Year-over-year U.S. milk production was up 2.2% in the February USDA report. However, with February 2024 containing an extra day due to “leap year,” the adjusted number is closer to -1.1% on a daily basis.

WASDE report predicts decrease in corn price

March 18, 2024

Abigail George

The March World Agricultural Supply and Demand Estimates report (WASDE) showed the 2023-24 U.S. corn outlook remains relatively unchanged compared to last month’s with only a 5-cent decrease in the season-average price to $4.75 per bushel.

2024 U.S. dairy exports begin with dawdling first month

Global dairy demand is stagnant and anticipated to be through the first half of the year, with the 12th consecutive year-over-year monthly decline of U.S. dairy exports in January.

March 13, 2024

Jenn Coyne

January U.S. dairy export values revealed a listless start to 2024. But it is not all pessimism, as shredded cheese continues to bring encouragement to the marketplace. Here’s Progressive Dairy’s 30,000-foot look at dairy-related export categories.

USDA milk production lower due to lower cow inventories

The 2024 milk production forecast was lowered from last month. In addition, strong demand and price strength raised cheese and butter prices, while nonfat dry milk and whey price forecasts were lowered based on recent prices.

March 11, 2024

Audrey Schmitz

The USDA’s World Ag Supply and Demand Estimates (WASDE) report identifies milk and feed factors potentially impacting dairy producer income in the year ahead.