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Articles Tagged with ''USDA reports''

Economic update: June milk prices will reflect weak protein and Class III prices, Class IV depooling

Here’s an update of factors impacting your dairy income as the calendar turns to July.
June 30, 2023
Dave Natzke

June 2023 FMMO pooling estimates, uniform prices and producer price differentials are scheduled to be released the week of July 10.


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May 2023 DMC margin plummets to $4.83 per cwt

A declining U.S. average milk price more than offset lower average overall feed costs, shrinking the milk income margin.
June 30, 2023
Dave Natzke

The May 2023 margin continues to be what looks like a lengthy stretch of extremely small margins and high indemnity payments into July-August.


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Economic update: Dairy organizations submit modified proposals for possible hearing

Here’s an update of factors impacting your dairy income for the final week of June Dairy Month 2023.
June 23, 2023
Dave Natzke

The Federal Milk Marketing Order (FMMO) advanced Class I base price continues its descent in July, falling to the lowest level since October 2021.


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Small growth in May milk production was enough to pressure prices lower

Year-over-year U.S. milk production was up 0.6%, with cow numbers up about 13,000 head.
June 22, 2023
Dave Natzke

Cow numbers are up but may be turning the corner downward.


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Dairy risk management calendar: July 2023

Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
June 21, 2023
Dave Natzke

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.


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Improving pasture conditions bolster feeder calf demand

June 19, 2023
Hannah Brooks and Russell Knight

With generally improving pastures and lower expected feed costs this year, the demand for feeder calves is well supported.


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May 2023 FMMO uniform prices mixed as Class III-IV pooling seesaws

With the Class IV milk price back above the Class III price, incentives for Class IV depooling returned.
June 16, 2023
Dave Natzke

It’s not a playground, but FMMO prices teeter pooling totals.


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USDA cuts 2023 milk production forecast, Class III and all-milk price projections lowered

Milk production and price projections for 2024 follow patterns similar to 2023.
June 12, 2023
Dave Natzke

Projected beef prices continue to move higher.



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Economic update: April 2023 DMC payments top $134 million

Here’s an update of factors impacting your dairy income for the week of June 4-10, 2023.
June 7, 2023
Dave Natzke

Not all of the dairy economic news is cloudy: The U.S. dairy industry grew significantly over the past two years, adding jobs, increasing wages and boosting its total impact on the U.S. economy.


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Class III price hits 21-month low in May

May 2023 FMMO pooling estimates, uniform prices and producer price differentials are scheduled to be released on June 11-14.
June 7, 2023
Dave Natzke

Weakening Class III price, Class IV depooling will drive May uniform prices


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