We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
Administrators of the 11 Federal Milk Marketing Orders (FMMOs) reported May 2022 uniform milk prices, producer price differentials (PPDs) and milk pooling data, June 9-14. Here’s Progressive Dairy’s monthly review of the numbers to provide some additional transparency on your milk check.
The Federal Milk Marketing Order (FMMO) Class III milk price set a record high in May and moved above the Class IV milk price for the first month since last October.
Record-high milk prices offset higher feed costs in April, improving monthly dairy producer milk income over feed cost (IOFC) margins calculated under the Dairy Margin Coverage (DMC) program.
The dispute over Canada’s administration of dairy tariff rate quotas (TRQs) continues, with the potential for another dispute settlement panel and a call for retaliatory tariffs on the horizon.
Progressive Dairy provides updates on dairy-related organizations and companies, compiled from staff news sources and industry press releases. Email industry and organization news to Progressive Dairy Editor Jenna Hurty.
The Federal Milk Marketing Order (FMMO) advanced Class I base price set a new all-time record high in June at $25.87 per hundredweight (cwt). The June 2022 price is up 42 cents from May 2022 and $7.58 more than June 2021.
Monthly U.S. milk production was below year-ago levels for a fourth consecutive month in April, with cow numbers lower than a year earlier and output per cow unchanged.
RSS