USDA announced the November margin under its Dairy Margin Coverage Program last week. With feed costs falling 4 cents from October and the all-milk price up 10 cents, the November margin was announced at $9.58 per cwt., up 14 cents from October and the highest margin in 2023. The November margin is eight cents above…
USDA isn’t announcing the December Class III and Class IV milk prices until Thursday of this week, but Class III went off the CME board at $16.08 per hundredweight while Class IV went off at $19.19 per cwt. If these prices hold true, that will mean the Class III milk price averaged $17.02 per cwt…
Last week was a great week for both our dairy industry and for school children across the country. That’s because the U.S. House of Representatives passed the “Whole Milk for Healthy Kids Act” with a resonating 330-99 bipartisan margin. This measure, which was led by Reps. GT Thompson and Kim Schrier, will increase the varieties…
Warren Buffet once said that “risk comes from not knowing what you’re doing.” While that statement seems blunt, it is true. In dairy farming, there is no way we can possibly predict every missed opportunity, every catastrophe, and every hardship we’ll face in any given year. We simply must navigate our business through the unpredictable…
USDA announced the October margin under the Dairy Margin Coverage Program at $9.44 per hundredweight, just six cents under the maximum $9.50 margin coverage level. It’s up 10 cents from September’s margin and the highest this year. It is still $1.27 below margins from a year ago and will result in an indemnity payment of…
Just before Thanksgiving and just in time, Congress passed a stop-gap funding bill that averted a government shutdown. That bill also included language to extend the current Farm Bill, which was established in 2018, until October 2024. With Farm Bill legislation set to renew every five years, House and Senate Agriculture Committee Chairs Glenn Thompson…
Dairy farm families are seeing an improvement in their milk checks right now over the devasting low prices they received this summer. September’s all-milk price was announced at $21 per hundredweight, up nearly $4 from July’s low of $17.40. October’s all-milk price is expected to continue to increase, with the October Class IV price at…
For most dairy farm families, the days when the milk price you receive is based primarily on what supply and demand looks like in your backyard are long gone. In today’s marketplace, the mailbox price you receive each month is determined by national and international factors influencing both the demand and the supply side of…
USDA announced the September 2023 margin under the Dairy Margin Coverage (DMC) Program at $8.44 per hundredweight (cwt.), up $1.98 from August and the highest for 2023. While it still resulted in an indemnity payment of $1.06 per cwt., or about $830 per each one million pounds covered at the maximum $9.50 level, the margin…
Each week this page includes a report on the average basis dairy producers can expect to see in their milk check each month, based on historical trends from the past 5 years. What’s published here is the average for the region, but your basis is unique to your individual farm operation. It’s basically the difference…
