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Weekly Digest: House panels says dairy producers need H-2A program

The USDA released preliminary 10-year agricultural projections for major U.S. crops and livestock products, including dairy.
November 8, 2023
Dave Natzke

Roughly 40% of all U.S. dairy farms have non-family member employees, and about 70% of those workers are immigrant employees.


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Weekly Digest: Ohio, Oregon youths earn FFA proficiency awards in dairy

The ranking member of the House Agriculture Committee has called for a one-year extension of the 2018 Farm Bill.
November 6, 2023
Dave Natzke

National FFA 2023 Agricultural Proficiency Award recipients were named during the 96th National FFA Convention & Expo, Nov. 1-4, in Indianapolis.


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USDA funding dairy sustainability projects

The 2023 Regional Conservation Partnership Program (RCPP) funding supports targeted projects that incentivize reduced GHG emissions.
November 3, 2023
Dave Natzke

Overall, 81 projects were awarded more than $1 billion under the 2023 RCPP, administered by the USDA’s Natural Resources Conservation Service (NRCS).


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Strong opinions across the nation on Class I differential updates

November 3, 2023
Kimmi Devaney

Producers in several regions expressed strong opinions about changes to Class I differentials, which have not been adjusted since FMMO reform in 2000.




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Replacement cow prices rise to 8-year high

Prices for both replacements and cull cows are the strongest since 2015
November 2, 2023
Dave Natzke

With improving milk prices and margins and tightening cow numbers, average prices for U.S. replacement dairy cows moved to an eight-year high in October.


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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.
November 2, 2023
Dave Natzke

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.


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News_press_-_Getty.jpeg

Producers agree on preferred changes to Class I mover

November 2, 2023
Kimmi Devaney

While producer opinions differed greatly on most proposals during the Federal Milk Marketing Order (FMMO) Pricing Formula Hearing, one potential change that many agreed with is the need to return to the “higher of” Class III or IV in the Class I mover formula.


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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.
October 31, 2023
Dave Natzke

The USDA National Agricultural Statistics Service (NASS) released its latest Ag Prices report on Oct. 31, including factors used to calculate September 2023 Dairy Margin Coverage (DMC) margins and indemnity payments.


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Weekly Digest: House ag appropriations, farm bill timelines proposed

The USDA’s Organic Livestock and Poultry Standards final rule has been released.
October 30, 2023
Dave Natzke

Here is a brief look at the news affecting dairy producers as October 2023 comes to a close.


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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.
October 25, 2023
Dave Natzke

Farm lending activity at commercial banks has slowed as the Federal Reserve Board’s Federal Open Market Committee meets to consider adjusting interest rates again.


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