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Articles Tagged with ''feed costs''

October DMC margin hits 10-month high at $9.44 per cwt

Overall U.S. average feed costs were lower and milk prices were up, pushing the milk income margin to the highest level since December 2022.
December 1, 2023
Dave Natzke

The USDA National Agricultural Statistics Service (NASS) released its latest Ag Prices report on Nov. 30, including factors used to calculate October 2023 Dairy Margin Coverage (DMC) margins and indemnity payments.


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Dairy risk management calendar: December 2023

Progressive Dairy provides monthly online updates of important dates, reports and factors affecting risk management decisions.
November 27, 2023
Dave Natzke

The Dairy Margin Coverage (DMC) program has been extended into 2024. Watch for enrollment details.


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58488-luety-cow-calf.jpg

Why and how to simplify calculating winter cow costs

Understanding and controlling costs is a vital component of ranch profitability. Make this the year you put pen to paper. Or should we say, finger to iPad.
November 14, 2023
Ali Klatt

Keeping and feeding cows through the winter is likely one of the largest reoccurring investments you’ll make in your cow-calf operation. A lot goes into the final calculation, but the return value from tracking winter cow costs is well worth it.


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USDA outlook sees slower-than-expected growth in milk production

Recent gains in butter and nonfat dry milk prices have eroded more rapidly than previously expected.
November 10, 2023
Audrey Schmitz

Progressive Dairy reviews the USDA’s latest World Ag Supply and Demand Estimates (WASDE) and Crop Production reports to identify potential influences on dairy producer income.


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September DMC margin hits $8.44 per cwt

Overall U.S. average feed costs were lower and milk prices were up, pushing the milk income margin to the highest level since December 2022.
October 31, 2023
Dave Natzke

The USDA National Agricultural Statistics Service (NASS) released its latest Ag Prices report on Oct. 31, including factors used to calculate September 2023 Dairy Margin Coverage (DMC) margins and indemnity payments.


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Dairy risk management calendar: November 2023

Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
October 24, 2023
Dave Natzke

Without a 2023 Farm Bill or temporary extension of the 2018 Farm Bill, the Dairy Margin Coverage (DMC) program expires at the end of the calendar year.


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USDA forecast offers mixed outlook for milk prices

Higher butter and nonfat dry milk prices will help offset a cloudier prediction for cheese prices.
October 12, 2023
Dave Natzke

Progressive Dairy summarizes factors potentially impacting dairy producer income based on the USDA’s latest World Ag Supply and Demand Estimates (WASDE) and Crop Production reports.


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Year-to-date 2023 DMC payments near $1.24 billion

With four months remaining in 2023, total DMC payments have surpassed the previous annual high of $1.187 billion distributed in 2021.
October 9, 2023
Dave Natzke

Without approval in the 2023 Farm Bill, the Dairy Margin Coverage program expires at the end of the year.


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Weekly Digest: House votes to remove McCarthy as speaker

The timeline for approval of some fiscal year 2024 agricultural program funding and the 2023 Farm Bill now faces a new hurdle.
October 4, 2023
Dave Natzke

Here is a brief look at the news affecting dairy producers during the first week of October 2023.


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August 2023 DMC margin rises to $6.46

USDA Farm Service Agency staff are scrambling to distribute payments before potential government shutdown.
September 29, 2023
Dave Natzke

Compared to a month earlier, U.S. average feed costs were lower and milk prices were up, pushing the milk income margin up almost $3 per hundredweight from July’s historic low.


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