Numerous projects approved in first round of funding focus on dairy producers and commodities.

The widening gap in August Federal Milk Marketing Order (FMMO) Class IV and Class III milk prices pushed Class IV pooling lower.

Digest highlights
• FARM Program seeks comments for Animal Care Version 5 revisions
• ‘Dairy’ major recipient in first round of USDA ‘climate-smart’ project funding
• Darigold building $600 million dairy protein, butter facility
• Checkoff competition focuses on calming benefits

Elevated whey and lactose sales provided a boost to July’s global marketing volumes and values.

A widening gap in August Federal Milk Marketing Order (FMMO) Class IV and Class milk prices ensures there’s even more incentive to depool Class IV milk.

• 2022 U.S. dairy export outlook surges over $9 billion
• EPA moving forward on PFAS ‘Superfund’ proposal
• DMI publishes 2021 annual report
• USDA launching 2022 Census of Agriculture 

Digest highlights

• Ag loan interest rates move higher
• GDT product prices mixed
• FSA increases LIP payments for young dairy, beef cattle
• DFA, Pizza Hut partnering on sustainability project
• Northeast DBIC offers dairy funding

May 2022 “mailbox” prices averaged about 98 cents per hundredweight (cwt) less than announced average “all-milk” prices for the same month.