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USDA outlook sees little change in 2023-24 milk production but weakening prices

Monthly WASDE report offers forecasts for dairy, beef and feedstuffs
July 12, 2023
Dave Natzke

Compared to last month, the USDA left the 2023 milk production estimate unchanged but reduced 2024 production expectations slightly. The outlook for prices continues to weaken.


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U.S. dairy product exports continue to soften

January-May alfalfa hay exports were the smallest since 2015.
July 11, 2023
Dave Natzke

There are limited expectations for an improved outlook for dairy product exports in the third quarter and lasting through the end of 2023.


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Weekly Digest: May 2023 DMC payments top $172 million

Here is a brief look at the news affecting dairy producers for the week of July 2-8, 2023.
July 5, 2023
Dave Natzke

January-May DMC payments averaged $36,147 per dairy operation enrolled in 2023.


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Weekly Digest: EPA to amend WOTUS rule by September

Here is a brief look at the news affecting dairy producers for the week of June 25-July 1, 2023.
June 28, 2023
Dave Natzke

"Dairy" labeling attention turns to "synthetic" products.


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Economic update: Dairy organizations submit modified proposals for possible hearing

Here’s an update of factors impacting your dairy income for the final week of June Dairy Month 2023.
June 23, 2023
Dave Natzke

The Federal Milk Marketing Order (FMMO) advanced Class I base price continues its descent in July, falling to the lowest level since October 2021.


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Small growth in May milk production was enough to pressure prices lower

Year-over-year U.S. milk production was up 0.6%, with cow numbers up about 13,000 head.
June 22, 2023
Dave Natzke

Cow numbers are up but may be turning the corner downward.


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Weekly Digest: Congress headed home

Here is a brief look at the news affecting dairy producers for the week of June 18-24, 2023.
June 20, 2023
Dave Natzke

With a pre-hearing informational session held on June 16, the schedule for potential modernization of the Federal Milk Marketing Order (FMMO) system moves forward.


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May 2023 FMMO uniform prices mixed as Class III-IV pooling seesaws

With the Class IV milk price back above the Class III price, incentives for Class IV depooling returned.
June 16, 2023
Dave Natzke

It’s not a playground, but FMMO prices teeter pooling totals.


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Production, processing capacity leading to milk dumping

Producer should have the volume recorded and evaluate options before disposing of milk.
June 14, 2023
Jenn Coyne and Dave Natzke

The most memorable, widespread concern over milk dumping occurred during the early COVID-19 outbreak, which affected milk demand and plant capacity to process it.


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April U.S. dairy product exports fall off

Foreign demand for U.S. replacement heifers is spreading.
June 13, 2023
Dave Natzke

On a milk solids equivalent, April 2023 dairy product exports had their worst year-over-year decline in four years.


Read More
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