milk pricing | Ag Proud

September FMMO milk class prices shine

September 2024 Federal Milk Marketing Order (FMMO) pooling estimates, uniform prices and producer price differentials are scheduled to be released on Oct. 11-14.

October 3, 2024

Dave Natzke

Dairy producers visiting World Dairy Expo are seeing some of the best cows in the U.S. Returning home, many could see some of the strongest milk checks in almost two years.

August delivers with $13.72 DMC margin

Milk prices rally while feed costs fall in August to support a Dairy Margin Coverage program margin of $13.72 per cwt, the highest margin recorded since the program’s inception in the 2018 Farm Bill.

September 28, 2024

Jenn Coyne

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report Sept. 27, which includes feed costs used to calculate the August Dairy Margin Coverage (DMC) program margins and indemnity payments. August’s margin was $13.72 per hundredweight (cwt).

August 2024 FMMO uniform prices move higher as Class III-IV markets move

Blend prices are near a two-year high and could move higher in the fourth quarter of 2024.

September 18, 2024

Dave Natzke

Here’s Progressive Dairy’s monthly review of August 2024 FMMO data to provide some additional transparency to your milk check.

September WASDE report projects third-highest production for corn on record

Based on conditions as of Sept. 1, corn yields are forecast at a record-high 183.6 bushels per acre, which is 0.5 bushels higher than last month’s projection and up 6.3 bushels from last year’s final estimate of 177.3 bushels.

September 16, 2024

Audrey Schmitz

The USDA’s World Ag Supply and Demand Estimates (WASDE) report offers forecasts for dairy, beef and feedstuffs.

July DMC margin highest since May 2022

A continued downturn in feed costs contributed to a favorable income over feed cost for dairy producers last month. July’s Dairy Margin Coverage margin was $12.33 per cwt, the highest the program’s seen since May 2022.

August 31, 2024

Jenn Coyne

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report Aug. 30, which includes feed costs used to calculate the July Dairy Margin Coverage (DMC) program margins and indemnity payments. July’s margin was $12.33 per hundredweight (cwt).

July 2024 FMMO uniform prices mostly higher but Class IV pooling falls to 11-year low

The increase in actual blend prices likely limited by summer dips in fat and protein tests.

August 15, 2024

Dave Natzke

Here’s Progressive Dairy’s monthly review of July 2024 FMMO data to provide some additional transparency to your milk check.

August WASDE report projects a record-high soybean crop

Based on conditions as of Aug. 1, soybean yields are expected to average a record high of 53.2 bushels per acre, up 1.2 bushels from last month and up 2.6 bushels from 2023.

August 13, 2024

Audrey Schmitz

The USDA’s World Ag Supply and Demand Estimates (WASDE) report offers forecasts for dairy, beef and feedstuffs.

Replacement cow prices reach all-time high

Quarterly average prices in July reached an all-time high of $2,360 per head according to estimates from USDA.

August 5, 2024

Audrey Schmitz

Prices for U.S. replacement dairy cows reached an all-time high in July, according to latest quarterly estimates from the USDA. Meanwhile, average cull cow prices increased in June, setting a new record high for a second consecutive month.

June DMC margin is $11.66 per cwt, premiums due soon

A staggering drop in feed costs and a rising milk price in June supported a margin not seen since 2022 for the Dairy Margin Coverage program. With few indemnity payments issued, producers are reminded that premiums for 2024 coverage must be paid by September.

July 31, 2024

Jenn Coyne

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report July 31, which includes feed costs used to calculate June Dairy Margin Coverage (DMC) program margins and indemnity payments. June’s margin was $11.66 per hundredweight (cwt).