Industry News

Digest Highlights

• DMC reminder: It’s in the mail
• January 2022 Class I base price moves to 13-month high
• Dairy cull cow slaughter slows
• USDA seeks string cheese

Progressive Dairy provides monthly online updates of important dates and reports affecting risk management decisions.

Update Highlights

• November retail dairy sales affected by COVID-19, inflation
• GDT price index dips
• October 2021 fluid sales reviewed
• Dairy margins start December stronger
• USDA seeks fluid milk, butter
• Dairy replacement heifer exports
• Interest rates headed higher in 2022
• 2022 estate tax limits raised
• USDA funds school meal programs

Digest Highlights

• Vilsack says consensus needed on potential FMMO reforms
• Danone extending Northeast organic contracts until February 2023
• Canada issues dairy threat over BBB Act electric car provision
• Amp Americas expands Idaho, Indiana dairy RNG assets
• High Plains Ponderosa, Shell to create RNG facility in Kansas
• Saputo Dairy adding solar power to California plant
• Fluid milk processor board nominees sought
• North Carolina offers dairy assistance payments
• USDA to conduct study about agricultural producers
• And in other news …

Declining cow numbers and stagnant milk production per cow held total U.S. milk production below year-ago levels in November.

Editor's note: This article has been updated from the original, noting that the DMC hay adjustment payments are subject to a sequestration deduction rate of 5.9% on 2020 payments and 5.7% on 2021 payments.

The USDA’s implementation of higher hay prices used in feed cost calculations will have an impact on the largest number of dairy producers participating in the Dairy Margin Coverage (DMC) program.