Milk pricing - Articles - Page 14

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

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.

FMMO Hearing: 8 weeks down, more to go

November 9, 2023

Kimmi Devaney

The first eight weeks of the Federal Milk Marketing Order (FMMO) Pricing Formula Hearing covered 18 of the original 22 proposals.

Strong opinions across the nation on Class I differential updates

November 3, 2023

Kimmi Devaney

Producers in several regions expressed strong opinions about changes to Class I differentials, which have not been adjusted since FMMO reform in 2000.

Economic Update: October FMMO milk class prices diverge

Meeting this week, the Federal Reserve Board’s Federal Open Market Committee (FOMC) held interest rates steady.

November 2, 2023

Dave Natzke

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.

Producers agree on preferred changes to Class I mover

November 2, 2023

Kimmi Devaney

While producer opinions differed greatly on most proposals during the Federal Milk Marketing Order (FMMO) Pricing Formula Hearing, one potential change that many agreed with is the need to return to the “higher of” Class III or IV in the Class I mover formula.

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.

Weekly Digest: House ag appropriations, farm bill timelines proposed

The USDA’s Organic Livestock and Poultry Standards final rule has been released.

October 30, 2023

Dave Natzke

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

September milk checks should improve

Uniform prices improved in all marketing areas, with only small gains in Class IV milk pooling.

October 16, 2023

Dave Natzke

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

Feeding cows during challenging milk prices

This summer there has been a notable discrepancy in milk pricing between Class III and IV. Now is the time to consider strategies for maximizing efficiency and avoiding extra feed costs.

October 16, 2023

Gabriela Maldini

Through the beginning of the fall, we continue to see this variation between milk protein and butterfat prices. Make a plan with your nutritionist and consultants to develop strategies that can and should be put in place to increase profits.