June 2022 “mailbox” prices averaged about $1.03 per hundredweight (cwt) less than announced average “all-milk” prices for the same month.

Digest highlights

• See us at World Dairy Expo
• Vitaliano: Dairy markets face near-term uncertainty
• Dairy cull cow marketing jumped in August
• Fed ratchets interest rates higher
• Longhorned tick discovered in northern Missouri
• Farmland values to plateau

Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.

Analyzing the Class I mover, the spread in the monthly advanced Class III skim milk pricing factor ($7.04 per cwt) and advanced Class IV skim milk pricing factor ($12.67 per cwt) is $5.63 per cwt, the widest since July 2020.

Digest highlights

• FMMO Forum registration deadline here
• July fluid sales down
• Dairy Defined: Plant-based beverage ‘bust’ is here
• Online organic dairy ‘origin of livestock’ rule training offered
• GDT product prices higher
• Finstad joins U.S. House Agriculture Committee
• Southeast: The Dairy Alliance launches sustainability documentary

Numerous projects approved in first round of funding focus on dairy producers and commodities.

September’s Federal Milk Marketing Order (FMMO) advanced Class I base price will hit a six-month low, while likely escalating producer irritation over the 2019 “Class I mover” formula change.  

The widening gap in August Federal Milk Marketing Order (FMMO) Class IV and Class III milk prices pushed Class IV pooling lower.

The USDA’s monthly World Ag Supply and Demand Estimates and Crop Production reports provide price, cost forecasts.