Here’s an update on economic factors impacting your dairy’s financial picture as we finish out February 2024.

Here's Progressive Dairy’s look ahead at important dates, reports and advice affecting risk management decisions, as well as other information impacting your milk check in March.

Service enrollment for the 2024 Dairy Margin Coverage program will begin Wednesday, Feb. 28. Dairy producers will have until April 29 to complete their enrollment in the voluntary dairy safety net program.

2023 annual milk production was down 98 million pounds compared to the 2022 total. However, annual total milk production has increased 9.9% from 2014.

Federal Milk Marketing Order (FMMO) uniform milk prices slipped lower in January, a combination of lower Class I and Class III milk class prices and continued depooling of Class IV milk.

Here’s a summary of news impacting your dairy as we approach the middle of February 2024.

This week, parents weighed in on their support for bipartisan legislation to provide whole and 2% milk in public schools, the dairy checkoff announced a pilot project for hot chocolate milk in schools, and a California congressman called for supply chain changes to ensure the availability of school milk.

Here’s an update on news and economic factors impacting your dairy entering the first full week of February 2024.

On Jan. 30, the Federal Milk Marketing Order (FMMO) public hearing came to a close. The national hearing, which took place in Carmel, Indiana, began back on Aug. 23, 2023, and included 12 weeks of testimony and cross-examination. Dairy groups are calling for swift action to change the Class 1 mover formula.

Here’s an update on economic factors impacting your dairy’s financial picture as we turn the calendar to February 2024.