The spread between Class IV and Class III milk prices continues to decline, suggesting a reduction in Class IV depooling – but maybe not yet.

Reminder: Dairy producers can enroll and make 2023 DMC coverage elections through Dec. 9 at USDA Farm Service Agency offices.

The Dairy Margin Coverage program October margin will be announced on Nov. 30. Check back with Progressive Dairy.

Dairy markets have fluctuated in recent weeks. With the calendar turning to December, a couple of dairy risk management deadlines are approaching quickly.

The number of milk cows on U.S. farms was estimated at 9.42 million head in October, 31,000 head more than October 2021 and 1,000 head more than September 2022.

The USDA’s monthly World Ag Supply and Demand Estimates and Crop Production reports provide production and price forecasts.

The new arrangement ends a decade-long business relationship between MMPA and Midwest Dairy. 

A narrower gap in October Federal Milk Marketing Order (FMMO) Class IV and Class milk prices starts to reduce the incentive to depool Class IV milk.

Reminder: Dairy producers can enroll and make 2023 DMC coverage elections through Dec. 9 at USDA Farm Service Agency offices.