Milk Marketing
The new software is necessary to make milk production history modifications for the 2024 DMC coverage period.
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Economic Update: February 2024 Class I base price lower
For the second month in a row, November overall fluid milk sales were up slightly.
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December 2023 FMMO uniform prices lower
Class II, III and IV milk prices were down and Class IV depooling remained prominent.
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USDA milk production, price outlooks remain stagnant
The 2024 milk production forecast was lowered from last month but price projections remains weaker, pressured by cheese and Class III milk.
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December FMMO milk class prices lower
December 2023 Federal Milk Marketing Order (FMMO) pooling estimates, uniform prices and producer price differentials are scheduled to be released on Jan. 11-14.
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Economic Update: Lots of dairy numbers to start the new year
Concerns over higher interest rates, input inflation and supplies are subsiding.
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November 2023 DMC margin moves above indemnity trigger
Small changes in the U.S. average feed cost and milk price were enough to push November’s Dairy Margin Coverage (DMC) margin higher.
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InFocus: Cheese consumption hits all-time high in 2022
USDA data shows American dairy per-capita consumption across products consistently increasing each year, with 2022 up 0.4% over the past five years, 7.5% over the past 15 years and 16.1% over the past 30 years.
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