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

The next meeting of the Federal Reserve Board’s Federal Open Market Committee (FOMC) is scheduled for Sept. 19-20.

Following the U.S. Food and Drug Administration’s (FDA) proposed guidance allowing plant-based beverages to use "milk” in labels and marketing, multiple dairy state lawmakers have introduced a bill to nullify it.

Digest highlights
• FARM Program seeks comments for Animal Care Version 5 revisions
• ‘Dairy’ major recipient in first round of USDA ‘climate-smart’ project funding
• Darigold building $600 million dairy protein, butter facility
• Checkoff competition focuses on calming benefits