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Home » Topics » Progressive Dairy » Dairy News

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Economic Update: April 2024 Class I base price inches higher

It’s the first year-over-year increase since January 2022-23.
March 21, 2024
Karen Lee and Dave Natzke

Here’s an update on economic factors impacting your dairy’s financial picture.


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February 2024 FMMO uniform prices, pooling summarized

Blend prices were mixed in a narrow range, and Class IV milk pooling remained low.
March 18, 2024
Dave Natzke

Here’s Progressive Dairy’s monthly review of February 2024 FMMO data to provide some additional transparency to your milk check.


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Weekly Digest: Judge denies dismissal of dairy class action lawsuit in New Mexico

March 18, 2024
Karen Lee

Here is a quick look at dairy-related news from last week.


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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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