Georgia currently has two fluid milk processors in Atlanta and Lawrenceville. Those two processors only use a portion of the state's growing milk production.

With congressional failure to approve a 2023 Farm Bill, new milk supply contracts under the Dairy Forward Pricing Program are no longer authorized.

Milk checks for September production will again reflect stronger protein and Class III milk prices. That will change on October production, with struggling cheese prices weakening the Class III price and widening the Class III-IV price spread, adding substantial Class IV depooling incentives.

With a federal government shutdown possible, October’s dairy risk management calendar has the potential to be scarier than Halloween.

The Federal Reserve Board’s Federal Open Market Committee (FOMC) voted to maintain the interest rate for federal funds at 5.5%.

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

Although MLP support is targeted for individual producers, the National Milk Producers Federation (NMPF) is urging cooperatives that spread losses across their membership to inquire about eligibility.

Milk checks for August production will reflect stronger protein and Class III milk prices and the highest Class IV milk price since January. A narrower price spread between Class III-IV milk prices could start to bring more Class IV milk to FMMO pools.