Based on Class III-IV milk futures prices, depooling incentives flip back to Class IV milk handlers in May and June.

Corn and soybean meal price projections are lower, but on-farm hay inventories are down.

The Coca-Cola Company will build a new $650 million fairlife production facility in Monroe County, New York.

On a milk solids equivalent, March 2023 dairy product exports fell below the same month a year earlier, ending an 11-month streak of year-over-year gain.

March 2023 Dairy Margin Coverage (DMC) program indemnity payments will top $126 million, boosting payments for the first three months of the year to more than $305 million.

The FDA guidance provides largely voluntary labeling of some plant-based beverages sold as dairy alternatives.

Monthly dairy cull cow marketing hit a 36-year high in March, topping 300,000 head for just the third month since the whole-herd buyout program.

Class IV milk represented about 17% of the total milk pooled in all FMMOs in March, the highest volume and percentage since last May.

While still historically low, February 2023 exports of most U.S. hay products rebounded slightly from January.