December rounds out 2024 with no DMC payment
Margins held on for the last month of 2024 as December’s milk price and feed costs largely offset each other for a DMC margin of $13.38 per hundredweight.
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Articles Tagged with ''milk pricing''
December 2024 FMMO uniform milk prices decline
FMMO marketing area uniform milk prices declined in December, in most cases dropping by more than $1 per cwt from November. Weaker milk class prices and Class IV depooling played a role.
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December WASDE report forecasts lower milk production
The milk production forecast for 2024 is lowered from last month, with lower milk cow inventories and lower expected milk per cow based on the most recent Milk Production report.
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All December 2024 FMMO milk class prices lower
Weaker milk class prices will pressure Federal Milk Marketing Order (FMMO) uniform prices down for the final month of the year.
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November DMC margin settles at $14.29
Dairy margins deteriorated some in November as milk prices fell and feed costs were mixed throughout the month, leading to a DMC margin of $14.29 per cwt.
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November 2024 FMMO uniform milk prices remain fluid
FMMO marketing areas with high Class I utilization posted small uniform milk price increases in November. Elsewhere, a weaker Class III milk price and Class IV milk depooling brought uniform prices down.
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USDA projections highlight increased milk production
Milk production forecasts for 2024 are raised from last month on higher milk cow numbers.
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November FMMO milk class prices mixed
November 2024 Federal Milk Marketing Order (FMMO) pooling estimates, uniform prices and producer price differentials are scheduled to be released on Dec. 11-14.
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October DMC margin is $15.17
Margins deteriorated some in October as feed costs remained mixed, and milk prices dropped due to concerns of constrained production with a shortage of heifer replacements for the milking herd, resulting in a DMC margin 40 cents less than the previous month.
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Price and pooling factors weigh on October FMMO uniform milk prices
An uptick in the Class I milk price supported uniform prices in high fluid utilization areas, but producers in other regions may feel the impact of lower Class II-III-IV milk prices and negative PPDs on their milk checks.
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