With a USDA extension giving dairy producers several more weeks to enroll in the Dairy Margin Coverage (DMC) and Supplemental DMC programs, many producers are being urged to reevaluate their initial decisions not to sign up for the federally subsidized safety net program in 2022.

Digest Highlights

• 2022 DMC sign-up deadline extended until March 25
• Cottonseed supply larger
• Dairy margins start 2022 stronger
• USDA, DOJ launch ‘anticompetitive practices’ online reporting tool
• USDA earmarks $1 billion for ‘climate smart’ pilot projects

Digest Highlights

• 2022 DMC sign-up deadline extended one week
• January Class IV milk price hits 90-month high
• Global dairy product price increases outpace other foods
• Idaho Darigold plant resumes butter production

Digest Highlights

• 2022 DMC enrollment deadline nears
• IDFA releases FMMO study report
• USDA funding ‘pop-up’ site to boost dairy, ag exports
• IDFA: Dairy Exporter Working Group formed
• GDT price index up again
• Input costs and availability weigh down producer sentiment
• October 2021 mailbox, all-milk price spread increased

Feed prices were up but milk prices rose even more, meaning there will be no Dairy Margin Coverage (DMC) program indemnity payments at any level for December milk marketings.

Milk futures prices increased substantially in early January but then dipped on Jan. 20. The long-term future depends on how producers react when it comes to milk supplies, as well as the relationship between domestic and international dairy product prices, which impact exports. Progressive Dairy provides monthly online updates of important dates and reports affecting risk management decisions.

Digest Highlights

• USDA milk production forecast steady, price outlook improves
• California QIP petitions filed
• Northeast organic partnership launched
• November 2021 butter, powder output lower
• USDA buys milk

Update Highlights

• 2021 DMC payments near $1.2 billion
• Virginia, Maryland ag departments offer DMC premium assistance
• Vitaliano: Milk supply to continue to tighten
• GDT price index higher
• Cull cow prices retained strength in November
• September 2021 mailbox, all-milk price spread was steady
• Ag producer sentiment rises despite higher input costs

In this column, Progressive Dairy summarizes issues in the news and attempts to describe how they might affect dairy farmers. Look for more extensive background and details at Progressive Dairy.

Higher milk prices offset an increase in feed costs, boosting November’s Dairy Margin Coverage (DMC) program income margin to $9.14 per hundredweight (cwt), according to preliminary calculations by Progressive Dairy.