Dairy Information: Markets and Management

The Market & Management Update is a cooperative effort between Farmshine Newspaper, the Center for Dairy Excellence, the USDA Risk Management Agency, and the Pennsylvania Department of Agriculture. The update is authored by Zach Myers, the center’s risk education manager, and provides futures and options market data on a weekly basis from the Chicago Mercantile Exchange (CME), as well as other market indicators important to your dairy business. Below are recent issues.

June 14, 2019: Dairy Margin Coverage Enrollment

June 17, 2019 is the first day to enroll in the Dairy Margin Coverage (DMC) program. Dairy Margin Coverage is the 2018 Farm Bill program that replaces the Margin Protection Plan (MPP). Looking back at MPP, at the highest margin coverage ($8.00/
cwt), it would have paid out 8 months in 2015 and 4 months in 2016. In 2014 and 2017, margins did not drop below $8.00. In 2018, the premiums were changed, margin calculations changed from every 2 months to monthly, and dairy farmers could retroactively enroll in MPP. If a farmer enrolled at the $8.00 coverage last year, it paid 8 months out of the year. Read More

RECENT MARKETS AND MANAGEMENT UPDATES

June 14, 2019: Dairy Margin Coverage Enrollment

June 7, 2019:Class I Price Formula Change

May 31, 2019: May

May 24, 2019: Trade Agreements and Tariffs

May 17, 2019: Crop Progress

May 10, 2019: Dairy Margin Coverage Update