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2024 U.S. dairy exports begin with dawdling first month

Global dairy demand is stagnant and anticipated to be through the first half of the year, with the 12th consecutive year-over-year monthly decline of U.S. dairy exports in January.
March 13, 2024
Jenn Coyne

January U.S. dairy export values revealed a listless start to 2024. But it is not all pessimism, as shredded cheese continues to bring encouragement to the marketplace. Here’s Progressive Dairy’s 30,000-foot look at dairy-related export categories.


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SEC limits Scope 3 reporting in new climate rule

Publicly traded companies no longer have to disclose Scope 3 greenhouse gas emissions as part of an amendment by the U.S. Securities and Exchange Commission.
March 13, 2024
Jenn Coyne

Agricultural stakeholders are applauding a ruling made March 6 by the U.S. Securities and Exchange Commission (SEC).


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Congress approves $26.2 billion for agriculture, rural development, FDA

March 11, 2024
Karen Lee

Late on Friday, March 8, and hours before the deadline to avoid a partial government shutdown, the Senate passed the bill for a $460 billion spending package that includes funding for six federal agencies by a vote of 75-22. The bill, which was passed by the House with a vote of 339-85 earlier in the week, was then signed by President Joe Biden on Saturday.


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USDA milk production lower due to lower cow inventories

The 2024 milk production forecast was lowered from last month. In addition, strong demand and price strength raised cheese and butter prices, while nonfat dry milk and whey price forecasts were lowered based on recent prices.
March 11, 2024
Audrey Schmitz

The USDA’s World Ag Supply and Demand Estimates (WASDE) report identifies milk and feed factors potentially impacting dairy producer income in the year ahead.


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Walmart to build its third milk processing plant in Texas

The facility will serve more than 750 stores throughout the South including Texas, Oklahoma, Louisiana and parts of Arkansas and Mississippi.
March 7, 2024
Karen Lee

Walmart announced it plans to open its third owned-and-operated milk processing facility in central Texas in 2026. The new facility, to be located in Robinson, Texas, between Dallas and Austin, will create nearly 400 new jobs in the community.


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Weekly Digest: Benchmarking farm employee compensation

Updates on dairy programs and recent cow number and dairy trade reports.
March 7, 2024
Karen Lee

Here is a summary of news released this week that will have an impact on your dairy operation.


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Yogurt receives first-ever qualified health claim from FDA

March 7, 2024
Karen Lee

The FDA recently approved the first-ever qualified health claim for yogurt, recognizing a potential link between its regular consumption and a reduced risk of type-2 diabetes. This is significant news for consumers, yogurt manufacturers and the dairy industry.


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Economic Update: Congress releases first six budget bills, including agriculture

The all-milk and mailbox price spread widened last November while FSA interest rates continue downward this month.
March 4, 2024
Karen Lee and Dave Natzke

Here’s an update on economic factors impacting your dairy’s financial picture as we begin March 2024.


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January DMC margin is $8.48 per cwt

Lower feed costs lessened the blow of suppressed milk prices in January, yet combined, triggered the first DMC payment for 2024.
February 29, 2024
Jenn Coyne

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report Feb. 29, which includes feed costs used to calculate January Dairy Margin Coverage (DMC) program margins and indemnity payments.


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Weekly Digest: Federal funding bills expected to carry to next week

February 29, 2024
Karen Lee

Here’s a summary of news impacting your dairy as we close out the month of February.


Read More
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