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The USDA’s World Ag Supply and Demand Estimates (WASDE) report reduced the 2022 milk production forecast due to lower cow numbers, while raising the projected all-milk price to more than $23.50 per hundredweight (cwt).
It took a roller coaster ride to get there, but December 2021 uniform milk prices in Federal Milk Marketing Order (FMMO) reached the highest level in more than seven years. For many producers, the 12-month ride was anything but a trip to an amusement park.
Debate will begin in earnest this year on updating and improving Federal Milk Marketing Orders (FMMOs). The process is a bit like having your molars removed. You know you need painful surgery, but you can always put it off for another year. But too many years have already gone by.
Class IV milk prices are riding a high tide, but currents can change. Pick price targets and prepare to take advantage of the markets with available risk management tools.
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 USDA announced updates to school nutrition standards that could extend through the 2023-24 school year. Among the provisions, the rule allows schools to continue to serve low-fat (1%) flavored milk with meals without needing to secure a waiver.
Stronger milk prices and margins and a shrinking cow and heifer supply likely contributed to a slight uptick in U.S. average prices for dairy replacement cows in January, according to latest estimates from the USDA.
Feed prices were up but milk prices rose even more, meaning there will be no Dairy Margin Coverage (DMC) program indemnity payments at any level for December milk marketings.
USDA’s latest Milk Production report displayed a continuation of trends occurring most of the second half of the year: declining cow numbers and stagnant milk production per cow. As a result, total U.S. milk production in December and the final quarter of 2021 were below year-ago levels.
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