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

Here’s an update on economic factors impacting your dairy profitability as we approach Christmas of 2023.

USDA Farm Service Agency (FSA) staff are working on a DMC program rule amendment, anticipating an announcement of enrollment provisions early in calendar year 2024.

Here’s an update on news impacting your dairy as we close out the first full week of December 2023.

Here’s an update on news impacting your dairy during the first full week of December 2023.

The USDA National Agricultural Statistics Service (NASS) released its latest Ag Prices report on Nov. 30, including factors used to calculate October 2023 Dairy Margin Coverage (DMC) margins and indemnity payments.

The Dairy Margin Coverage (DMC) program has been extended into 2024. Watch for enrollment details.

Here’s an update on economic factors impacting your dairy finances entering the final week of November 2023.

The October DMC margin is forecast at about $9.54 per cwt, above the maximum Tier I DMC coverage level of $9.50 per cwt.

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.