Dairy Industry News
May 2023 Federal Milk Marketing Order (FMMO) pooling estimates, uniform prices and producer price differentials are scheduled to be released on June 11-14.
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April DMC margin is $9.60 per cwt
The feed market was strong in April, but milk prices held on to end the month with a $9.60 per hundredweight (cwt) income over feed cost margin. This is the second time in 2024 that indemnity payments are not triggered through the Dairy Margin Coverage program.
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Dairy risk management calendar: June 2024
Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
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Revisions to Dairy-RP to affect upcoming coverage calculations
The Federal Crop Insurance Corporation board of directors approved revisions for Dairy-RP. Most notably, how Yield Adjustment Factors will be calculated for non-major dairy states.
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Dairy exports slip in March despite another cheese run
Surging cheese sales in March were not enough for U.S. dairy exports to continue the strong performance seen a month prior.
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Replacement cow prices match 10-year peak
Quarterly average prices in April reached the same peak of $2,120 per head as seen in October 2014.
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March DMC margin is $9.65 per cwt
Feedstuff and milk prices held steady in March for a DMC margin of $9.65 per cwt, the first since December 2022 to not trigger a payment through the dairy risk management program.
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