Lower milk production cut into butter inventories in cold storage in August. The tighter supplies are driving prices higher.

Despite weakening milk prices this summer, U.S. average prices for replacement cows moved higher, while strong beef prices continued to push market cow prices to an eight-year high.

Here’s Progressive Dairy’s monthly review of the numbers to provide some additional transparency to your milk check.

March 2023 Dairy Margin Coverage (DMC) program indemnity payments will top $126 million, boosting payments for the first three months of the year to more than $305 million.

With a USDA decision deadline still about more week away, numerous dairy cooperatives have joined in voicing opposition to a dairy processor request for a Federal Milk Marketing Order (FMMO) hearing.

Fluid milk sales started the new year as they ended the last one, trending lower.

It wasn’t a rush to the pools but Class IV represented about 12.5% of the total milk pooled in all FMMOs in January, the highest volume and percentage since last May. It probably won't last.

U.S. dairy exports finished what was an already stellar year with gusto, according to a monthly market update from the U.S. Dairy Export Council (USDEC).