Finances
Environmental, social and governance (ESG); labor concerns and risk management are common topics on dairy producers’ minds lately. Learn how each of these areas can assist in your farm management decisions.
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Weekly Digest: DMC payments, dairy export updates
The USDA’s dairy export forecast is reduced as the overall ag trade deficit grows.
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Economic Update: Dairy downturn, interest expenses highlight 2023 USDA income forecast
The USDA’s latest milk production and price forecasts are updated late this week.
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October DMC margin hits 10-month high at $9.44 per cwt
Overall U.S. average feed costs were lower and milk prices were up, pushing the milk income margin to the highest level since December 2022.
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Economic Update: December 2023 Class I base price steady
Dairy cow culling remained slower in October and average farm wages were up.
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Economic Update: Ag loan interest rates nearing 9%
October’s Dairy Margin Coverage (DMC) program margin will be announced next week.
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USDA outlook sees slower-than-expected growth in milk production
Recent gains in butter and nonfat dry milk prices have eroded more rapidly than previously expected.
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Replacement cow prices rise to 8-year high
Prices for both replacements and cull cows are the strongest since 2015
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Economic Update: October FMMO milk class prices diverge
Meeting this week, the Federal Reserve Board’s Federal Open Market Committee (FOMC) held interest rates steady.
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September DMC margin hits $8.44 per cwt
Overall U.S. average feed costs were lower and milk prices were up, pushing the milk income margin to the highest level since December 2022.
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