Dairy Industry Issues
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December 2022 Class I base price lower

November 29, 2022

Dave Natzke

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

Weekly Digest: Proposed WIC revisions disappointing for dairy

November 22, 2022

Dave Natzke

Digest highlights

Proposed WIC revisions disappointing for dairy

September fluid sales lower

MDVA’s Reames named to EPA advisory committee

NMPF: Infant formula import waiver should expire

October U.S. milk production up 1.2%

Slow growth in cow numbers and moderate increase in milk per cow boosts overall production.

November 22, 2022

Dave Natzke

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.

Weekly Digest: NMPF seeks faster FDA approval of climate-friendly feed additives

November 16, 2022

Dave Natzke

Digest highlights

NMPF seeks faster FDA approval of climate-friendly feed additives
Election results and the 2023 Farm Bill
GDT index improves
NMPF comments on livestock indemnity proposal

Agricultural loan interest rates continue to rise

Based on quarterly lender surveys in major agricultural Federal Reserve districts, interest rates on all agricultural loans rose in the third quarter of 2022.

November 15, 2022

Dave Natzke

Critics are increasing their calls for the Fed to stop raising interest rates, warning that higher interest rates and continuing inflation negatively impact farmers on several fronts.

October FMMO uniform prices mixed; Class IV pooling still low

November 15, 2022

Dave Natzke

Class IV pooling across all represented under 7% of the total milk pooled. It was the eighth month so far in 2022 that Class IV pooling was below 10% of total milk pooled.

Minnesota Milk, Edge announce agreement on administrative, program services

November 9, 2022

Dave Natzke

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

Weekly Digest: August-September DMC payments near $85 million

November 9, 2022

Dave Natzke

Digest highlights

August-September DMC payments near $85 million
WCMA endorses FMMO improvement provisions
Western organic dairies seek financial assistance

What Happened/What’s Next: NMPF moves closer to FMMO hearing petition

One of the NMPF provisions is a return to the “higher of” Class I mover formula.

November 8, 2022

Dave Natzke

The USDA has expanded its Healthy Fluid Milk Incentives Projects (HFMIP), a pilot program that helps participants in the Supplemental Nutrition Assistance Program (SNAP) purchase more milk.