The FDA guidance provides largely voluntary labeling of some plant-based beverages sold as dairy alternatives.

With a USDA decision deadline still about more week away, numerous dairy cooperatives have joined in voicing opposition to a dairy processor request for a Federal Milk Marketing Order (FMMO) hearing.

Factoring into dairy feed costs, 2023 dry hay acreage is expected to rebound slightly from last year’s 115-year low.

Class I milk prices are headed lower but interest rates aren’t. A district court issues a limited Waters of the U.S. injunction.

Digest highlights

• NMPF board advances FMMO proposal
• Appeals court rules ‘gruyere’ is generic term
• Lynn named Agri-Mark president and CEO
• GDT index, cheese price softens
• USDA offers risk management training funds
• Ag producer sentiment weakens

Update highlights

• January FMMO Class III-IV prices lower
• Fed raises interest rate
• GDT index rises
• Ag producer sentiment starts year stronger
• Coming up

Update highlights

• February 2023 Class I base price on the move again
• December cull dairy cow marketing higher
• Inflation hit dairy aisle in 2022
• November fluid sales stayed on trend
• GDT index dipped
• Coming up

December Federal Milk Marketing Order Class II, III and IV milk prices will be announced Jan. 5.

Digest highlights

• USTR to press for Canadian USMCA dairy compliance
• Canadian dairy farmers to receive fourth DDPP payment
• Fed raises interest rates
• GDT index falls
• 2022 Census of Agriculture response deadline is Feb. 6, 2023
• Other news, briefly

Farm families concerned about hitting top federal or state estate tax exemptions need to begin working on farm succession and estate plans to limit potential tax liability down the road.