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Dairy risk management calendar: July 2023

Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
June 21, 2023
Dave Natzke

Here’s an update on risk management tools available through the USDA and/or USDA’s Risk Management Agency (RMA), as well as other information impacting your milk check.


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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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Weekly Digest: FMMO proposal information session is June 16

Here is a brief look at the news affecting dairy producers for the week of June 11-17, 2023.
June 14, 2023
Dave Natzke

Three Midwest Senate Ag Committee members urged adjustments to the Dairy Margin Coverage program.


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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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USDA cuts 2023 milk production forecast, Class III and all-milk price projections lowered

Milk production and price projections for 2024 follow patterns similar to 2023.
June 12, 2023
Dave Natzke

Projected beef prices continue to move higher.



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Weekly Digest: Mulhern to retire as NMPF president and CEO

Here is a brief look at the news affecting dairy producers for the week of June 4-10, 2023.
June 7, 2023
Dave Natzke

The next step in a potential formal process to modernize the Federal Milk Marketing Order (FMMO) system is next week, with a pricing-related proposal submission deadline of June 14.


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Economic update: April 2023 DMC payments top $134 million

Here’s an update of factors impacting your dairy income for the week of June 4-10, 2023.
June 7, 2023
Dave Natzke

Not all of the dairy economic news is cloudy: The U.S. dairy industry grew significantly over the past two years, adding jobs, increasing wages and boosting its total impact on the U.S. economy.


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Class III price hits 21-month low in May

May 2023 FMMO pooling estimates, uniform prices and producer price differentials are scheduled to be released on June 11-14.
June 7, 2023
Dave Natzke

Weakening Class III price, Class IV depooling will drive May uniform prices


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USDA releases FMMO modernization ‘action plan’

Under the proposed rulemaking process a tentative hearing may start in late August.
June 1, 2023
Dave Natzke

The USDA is providing the opportunity for interested parties to submit additional proposals regarding potential amendments to the current pricing provisions applicable to all FMMOs.


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