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While supply and demand are two pillars serving as the foundation for milk prices, both do not always bear the same weight in determining what dairy producers are paid for their milk, according to Peter Vitaliano, chief economist with the National Milk Producers Federation (NMPF).
With sustainability becoming ever more a focus in the food system, the urgency of creating practical ways to achieve something meaningful is increasing. The calls for progress are growing from customers, communities and regulators. And they want proof.
Despite increases in the number of loaded shipping containers moving out of major California ports, port congestion remains a challenge. Nonetheless, U.S. dairy exporters are finding channels to reach global markets with a diverse product mix. The USDA released August agricultural export estimates, Oct. 5. In-depth analysis was provided by the U.S. Dairy Export Council (USDEC) in the organization’s U.S. Dairy Exporter Blog.
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 location of future U.S. milk production growth will be closely linked to large-scale regional cheese processing capacity, according to Ben Laine, dairy analyst with RaboResearch. Laine discussed a recent RaboResearch paper, “Milk cow migration spurred by processing capacity,” in an interview during World Dairy Expo.
The Dairy Margin Coverage (DMC) program set three new records in August: (1) the highest total monthly average feed costs; (2) the smallest average milk income over feed cost margin; and (3) the largest indemnity payments for any month in the history of the dairy safety net program.
With fall harvest dominating your days, keeping tabs on risk management may be secondary. To help keep track of price protection opportunities, Progressive Dairy provides monthly online updates of important dates and reports affecting risk management tools.
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