In contrast to milk price volatility, average U.S. prices paid for dairy replacement cows have been fairly steady, based on the USDA’s quarterly estimates, released Oct. 30.
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Industry News
Read coverage of current events and news affecting dairy producers and the industry.
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Digest Highlights
- NMPF seeks FDA intervention on plant-based ‘dairy’ labels
- DMC enrollment continues
- Organic dairy stays on growth path
- USDA awards fourth round of ‘food box’ contracts
- CFAP payment updates
- Global Dairy Trade index lower
- Ohio dairy risk management webinar begins Nov. 5
- California funds more dairy methane reduction projects
- Darigold expanding organic market
- Central Plains Dairy Expo scheduled
- I-29 Moo University adds to dairy podcast offerings
- Dairy Download: The rural-urban divide
After a three-month furlough, small Dairy Margin Coverage (DMC) program indemnity payments returned for those producers insured at the top Tier I level on September milk marketings.
Digest Highlights
- DMC: New numbers, new tool and enrollment update
- USDA adds $500 million to food box funding through end of 2020
- Dairy cow slaughter picked up a bit in September
- 2020 fluid sales volumes updated
- Vitaliano: The wild ride continues for cheese
- Video recap: 2020 NDB/NMPF/UDIA virtual annual meeting
- CFAP payment updates
- Progressive Dairy COVID-19 resources
As October and National Co-op Month came to a close, the National Cooperative Bank (NCB) updated revenue and asset totals for the 100 largest cooperatives in the U.S. With higher milk and wholesale dairy product prices, it was a better year for dairy co-op revenues and their members compared to a year earlier.
As the crop insurance industry starts to process third-quarter 2020 Dairy Revenue Protection (Dairy-RP) claims, it is evident some producers who purchased coverage on Class IV milk may receive a payout. Timing was important, and early adopters received better payouts.
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