Here’s an update on economic factors impacting your dairy finances as November 2023 comes to a close.

Here’s Progressive Dairy’s monthly review of October FMMO data to provide some additional transparency to your milk check.

Roughly 40% of all U.S. dairy farms have non-family member employees, and about 70% of those workers are immigrant employees.

Struggling cheese and protein prices weakened the Class III price, offsetting strong butterfat and Class IV prices and widening the Class III-IV price spread, adding substantial Class IV depooling incentives.

Here is a brief look at the news affecting dairy producers as October 2023 comes to a close.

Farm lending activity at commercial banks has slowed as the Federal Reserve Board’s Federal Open Market Committee meets to consider adjusting interest rates again.

Here’s Progressive Dairy’s monthly review of September FMMO data to provide some additional transparency to your milk check.