Progressive Dairy summarizes factors potentially impacting dairy producer income based on the USDA’s latest World Ag Supply and Demand Estimates (WASDE) and Crop Production reports.

Compared to a month earlier, U.S. average feed costs were lower and milk prices were up, pushing the milk income margin up almost $3 per hundredweight from July’s historic low.

While you can’t predict the future, financial benchmarking is a way dairy farmers can review concrete information about their operations – and how they compare to others in the industry – year after year. 

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

From this week's USDA World Ag Supply and Demand Estimates (WASDE) and Crop Production reports to Rabobank's quarterly Global Dairy update, Progressive Dairy summarizes factors potentially impacting dairy producer income.

The next meeting of the Federal Reserve Board’s Federal Open Market Committee (FOMC) is scheduled for Sept. 19-20.

Farm lending activity at commercial banks slowed through the first half of 2023 as interest rates continued to push higher.

DMC indemnity payments will surpass income margins for many dairy producers.