Here’s Progressive Dairy’s monthly review of August FMMO data  to provide some additional transparency to your milk check.

DMC margins are expected to improve through the end of 2023, but current futures prices indicate indemnity payments at top coverage levels are likely in 10 of 12 months.

From this week's USDA World Ag Supply and Demand Estimates (WASDE) and Crop Production reports to Rabobank's quarterly Global Dairy update, Progressive Dairy summarizes factors potentially impacting dairy producer income.

Although MLP support is targeted for individual producers, the National Milk Producers Federation (NMPF) is urging cooperatives that spread losses across their membership to inquire about eligibility.

May-July U.S. agriculture trade deficit is likely the largest in history.

Private-lender interest rates on agricultural loans are moving higher and so are rates on loans through the USDA’s Farm Service Agency.

The milk income over feed cost margin should have finally reached bottom in July.

Milk checks for August production will reflect stronger protein and Class III milk prices and the highest Class IV milk price since January. A narrower price spread between Class III-IV milk prices could start to bring more Class IV milk to FMMO pools.

The new WOTUS rule revises the January 2023 definition to eliminate the “significant nexus” standard to determine when waters or wetlands are covered by the Clean Water Act, as well as the definition of “adjacent wetlands.”