Risk Management
October’s Dairy Margin Coverage (DMC) program margin will be announced next week.
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Year-to-date 2023 DMC payments top $1.27 billion
Latest funding proposal extends program through 2024.
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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.
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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.
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Economic Update: Interest rates impacting borrowers, lenders
The USDA will provide $2.3 billion to help U.S. agricultural producers build export markets and buy U.S. commodities for international food aid.
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Dairy risk management calendar: November 2023
Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
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Weekly Digest: Proposal elevates USDA organic dairy programs, data collection
September U.S. dairy cull cow marketing slowed to a 15-month low.
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Economic Update: Dairy Forward Pricing Program has expired, for now
Oct. 16 is the deadline to sign up for the USDA’s Milk Loss Program.
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Year-to-date 2023 DMC payments near $1.24 billion
With four months remaining in 2023, total DMC payments have surpassed the previous annual high of $1.187 billion distributed in 2021.
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August 2023 DMC margin rises to $6.46
USDA Farm Service Agency staff are scrambling to distribute payments before potential government shutdown.
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