The center publishes market and industry information regularly to help dairy producers and industry stakeholders stay informed and make better business decisions. This section includes the latest information published by the Center for Dairy Excellence.
DAIRY WEEK IN REVIEW
January 10, 2019: Dairy Week in Review
USDA announced the December Class III milk price at $13.78 per hundredweight, down 66 cents from December and $1.76 below year-ago levels. Class III milk prices averaged $14.61 per hundredweight in 2018, down $1.56 from 2017 and the lowest level since 2010. Read More
MARKETS & MANAGEMENT UPDATE
January 11, 2019: Dairy Margin Coverage Part 1
There is a lot of talk about the new Agriculture Improvement Act of 2018, specifically what are the differences between the new Dairy Margin Coverage (DMC) and the previous Margin Protection Program (MPP). Over the next few weeks, I hope to provide some explanation about the DMC so that farmers can start thinking about how you want to participate. Read More
CENTER FOCUS COLUMN
Finding Strength Beyond Yourself
A while ago I was reading through the paper and came across this quote: “The strongest people are not those who show strength in front of us but those who win battles we know nothing about.” I thought to myself how much this resonated with where we are in the dairy industry right now.
Every day farm families wage their own personal battles – whether it is working through a very challenging financial environment, dealing with increasing regulations in almost every area of their business, meeting the needs of a fickle consumer, or just finding a way to navigate through the dynamics of running a family business and working with family in today’s world. It’s challenging at best, a battle at its worst.