Compared to a month earlier, U.S. average feed costs were lower and milk prices were up, pushing the milk income margin up almost $3 per hundredweight from July’s historic low.

With a federal government shutdown possible, October’s dairy risk management calendar has the potential to be scarier than Halloween.

The Federal Reserve Board’s Federal Open Market Committee (FOMC) voted to maintain the interest rate for federal funds at 5.5%.

The four-month decline in U.S. cow numbers may have come to a halt.

DMC margins are expected to improve through the end of 2023, but current futures prices indicate indemnity payments at top coverage levels are likely in 10 of 12 months.

From this week's USDA World Ag Supply and Demand Estimates (WASDE) and Crop Production reports to Rabobank's quarterly Global Dairy update, Progressive Dairy summarizes factors potentially impacting dairy producer income.

May-July U.S. agriculture trade deficit is likely the largest in history.

Private-lender interest rates on agricultural loans are moving higher and so are rates on loans through the USDA’s Farm Service Agency.

The milk income over feed cost margin should have finally reached bottom in July.

Here’s an update on risk management tools available through the USDA and/or USDA’s Risk Management Agency (RMA), as well as other information impacting your milk check.