Update highlights

• February 2023 Class I base price on the move again
• December cull dairy cow marketing higher
• Inflation hit dairy aisle in 2022
• November fluid sales stayed on trend
• GDT index dipped
• Coming up

• SMI closes RO balancing plant
• California overtime pay required
• Lower annual average fuel prices forecast
• FDA to continue infant formula enforcement discretion
• Edge Dairy Farmer Cooperative unveils policy priorities
• Coming up: December FMMO recap
• Other news, briefly

December Federal Milk Marketing Order Class II, III and IV milk prices will be announced Jan. 5.

• January 2023 Class I base price lower
• USDA awards dairy export funding
• November cull cow marketing mixed
• Butter inventories continue to shrink

Digest highlights

• USTR to press for Canadian USMCA dairy compliance
• Canadian dairy farmers to receive fourth DDPP payment
• Fed raises interest rates
• GDT index falls
• 2022 Census of Agriculture response deadline is Feb. 6, 2023
• Other news, briefly

• Two more dairy projects receive ‘climate-smart’ funding
• 13 named to National Dairy Board
• Thompson elected House Ag Committee chair
• Canada’s AAFC announces CUSMA dairy compensation
• Other news, briefly

Digest highlights

• Petition seeks higher transportation credits in southeastern U.S. FMMOs
• USDA publishes ‘cattle contracts library’ rule
• Other news, briefly

Farm families concerned about hitting top federal or state estate tax exemptions need to begin working on farm succession and estate plans to limit potential tax liability down the road.

Digest highlights

• CDI acquiring DairyAmerica
• Nominees sought for Fluid Milk Processor Promotion Board
• Maryland livestock brokers sentenced
• NMPF updates regulatory issues
• U.S. dairy export outlook updated
• U.S. ag export deficit to grow
• Ag census distribution underway

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