Items Tagged with 'milk pricing'
ARTICLES
Programs like Dairy Margin Coverage, Dairy Revenue Protection and Livestock Gross Margin – Dairy are among the risk management tools to help dairy producers manage risk with milk price volatility.
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March 2024 FMMO uniform prices inched higher
Milk class prices rose but Class IV milk pooling was still limited.
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Slower-than-expected growth in output per cow reduces milk forecast
Compared to last month, the USDA left the 2023 milk production estimate unchanged but reduced 2024 production expectations 1 billion pounds from the previous report.
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Economic Update: March FMMO milk class prices post small increases
March 2023 Federal Milk Marketing Order (FMMO) pooling estimates, uniform prices and producer price differentials are scheduled to be released on April 11-14.
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Maximizing Dairy Revenue Protection: Insights from five years of data
Since 2019, roughly 27% of the U.S. milk supply has been covered under Dairy Revenue Protection. The insights gleaned from the last five years of DRP data highlight the importance of strategic decision-making and a long-term perspective in managing risk.
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February DMC margin is $9.44 per cwt
An improved all-milk price by 50 cents coupled with mostly lower feed costs gave way to a DMC margin of $9.44, still triggering payments through the program.
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Leap day factors into milk production jump
Milk production and output per cow increase in USDA estimates due to extra “leap year” day in February.
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Economic Update: Congress releases first six budget bills, including agriculture
The all-milk and mailbox price spread widened last November while FSA interest rates continue downward this month.
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January DMC margin is $8.48 per cwt
Lower feed costs lessened the blow of suppressed milk prices in January, yet combined, triggered the first DMC payment for 2024.
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