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Articles Tagged with ''feed costs''

June 2023 DMC margin falls below ‘catastrophic’ floor

Despite lower feed costs, lower milk prices drove dairy producer margins to new lows.
July 28, 2023
Dave Natzke

DMC indemnity payments will surpass income margins for many dairy producers.


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Dairy risk management calendar: August 2023

Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
July 22, 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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Planning: The key to backgrounding on grass

When carefully considered, backgrounding calves to different weights can offer a path to more profitability for cow-calf producers as they market their calves at less conventional times.
July 19, 2023
Shelby Roberts

When to market your calf crop is one of the most important decisions that a producer must make and can have a significant impact on your operation’s profitability. Market dynamics are usually the main drivers behind when a producer decides to sell their calves.


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USDA outlook sees little change in 2023-24 milk production but weakening prices

Monthly WASDE report offers forecasts for dairy, beef and feedstuffs
July 12, 2023
Dave Natzke

Compared to last month, the USDA left the 2023 milk production estimate unchanged but reduced 2024 production expectations slightly. The outlook for prices continues to weaken.


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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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How to increase dairy farm cash flow

An overview of the changes one dairy farm made in the parlor and feed center that increased labor efficiency, enhanced milk quality and increased overall profitability.
June 22, 2023
Pauly Paul

Borrowing money to pay the bills? If that’s you, you are not alone. As a dairy consultant who helps farmers increase income and efficiencies and reduce their expenses, these are the phone calls that have been coming in recently as worries loom over what’s to come in 2023.


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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.


Read More
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Goal-driven management takes dairies to the next level

Using measurable benchmarks; maintaining a goal-driven management culture; and identifying a set of key advisers and employees to regularly review cow health, production and forage metrics are three steps dairies can take to improve financial performance.
June 16, 2023
Scott Earnest

To capture the full potential of genetics, facilities, feed and precision technology, dairies need to establish and maintain a strong culture of goal-driven management and human accountability.


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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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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.


Read More
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