Industry News

Progressive Dairy provides updates on dairy-related organizations and companies, compiled from staff news sources and industry press releases. Email industry and organization news to Progressive Dairy Editor Jenna Hurty.

Business Digest Highlights

In this column, Progressive Dairy summarizes issues in the news and attempts to describe how they might affect dairy farmers. Look for more extensive background and details at Progressive Dairy.

Companies wanting to pitch a new dairy industry technology at the PDPW Business Conference may submit applications by Feb. 1, for the new Nexus stage.

Digest Highlights

• 2021 DMC enrollment adjusted higher
• December retail dairy sales still strong
• November 2020 fluid sales slid lower
• Some CFAP 3 details released
• Ag groups seek reversal of Trump U.S.-Cuba policies
• Things you might have missed
• Progressive Dairy COVID-19 resources

Dairy Revenue Protection (Dairy-RP) premiums have been influenced by recent Chicago Mercantile Exchange (CME) price action and option volatility. There are two major components for determining premiums:

1. Relative price: Are prices high or low?

2. Volatility: Are prices calm and in narrow ranges or are they more volatile?

Federal Milk Marketing Order (FMMO) administrator reports show producer price differentials (PPDs) were mostly positive for December milk marketings. However, extremely negative PPDs and other issues during 2020 have prompted increasing calls for FMMO reform.