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Industry News

Read coverage of current events and news affecting dairy producers and the industry.

LATEST

The June U.S. average milk price jumped while feed costs moved lower, resulting in the largest monthly Dairy Margin Coverage (DMC) program income margin since February. However, the weight of negative producer price differentials (PPDs) under the Federal Milk Marketing Order (FMMO) system – not included in risk management program calculations – along with high levels of depooling, left the announced milk price and DMC margin somewhat deceptive.

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Even though COVID-19 has only been around for a few months, some consumer trends are already becoming apparent and important, says Larry Levin, executive vice president, market and shopper intelligence, with the data analytics and market research company IRI.

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Digest Highlights

  • Class I base jumps another $3 per cwt in August
  • June-July milk price jumps could be record
  • Grocery store dairy sales settling in for the long haul
  • Global Dairy Trade index steady
  • Animal Agriculture Alliance launches ‘allies’ advocacy development program
  • Processor news: Borden, Burnett and more
  • Progressive Dairy COVID-19 resources

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The dog days of summer are here, but that doesn’t mean you should let attention to dairy risk management stagnate. Failure to protect some currently strong margins or revenue could come back to bite you later.

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