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Articles Tagged with ''USDA reports''

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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April 2023 DMC margin falls to $5.84 per cwt

A declining U.S. average milk price more than offset lower average overall feed costs, keeping the milk income margin at its lowest level since August 2021.
May 31, 2023
Dave Natzke

The April 2023 margin continues to be what looks like a lengthy stretch of high indemnity payments into July-August.


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Economic update: April dairy cull cow marketing slowed

Here’s an update of factors impacting your dairy income for the week of May 28 – June 3, 2023.
May 31, 2023
Dave Natzke

After setting a three-decade high in March, April U.S. dairy cull cow marketing returned to a more normal pace.


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Dairy risk management calendar: June 2023

Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
May 23, 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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Texas dairy fire impacts April milk production report

Year-over-year U.S. milk production was up just 0.3% as growth in per-cow output remained slow.
May 22, 2023
Dave Natzke

Even with the fire loss, Texas cow numbers were up 5,000 head from a year ago.


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April 2023 FMMO uniform prices mostly lower

With the Class III milk price rising above the Class IV price, so did the incentive for depooling.
May 15, 2023
Dave Natzke

Based on Class III-IV milk futures prices, depooling incentives flip back to Class IV milk handlers in May and June.


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USDA reduces 2023 milk production outlook, Class III and all-milk prices projected lower

2023-24 milk production forecasts show limited growth.
May 12, 2023
Dave Natzke

Corn and soybean meal price projections are lower, but on-farm hay inventories are down.


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Weekly Digest: AFBF urges FMMO hearing and more

Here is a brief look at the news affecting dairy producers for the week of May 7-13, 2023.
May 11, 2023
Dave Natzke

The Coca-Cola Company will build a new $650 million fairlife production facility in Monroe County, New York.


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