Read coverage of current events and news affecting dairy producers and the industry.
Editor's note: This story has been updated with information for producers who receive more than one claim form.
Eligible dairy farmers have until Jan. 28, 2019, to return a claim form for their share of a class action lawsuit settlement stemming from nonfat dry milk (NFDM) sales more than a decade ago.
U.S. President Donald Trump joined Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto in signing the U.S.-Mexico-Canada Agreement (USMCA) during the G20 Summit Meeting in Buenos Aires, Argentina, Nov. 30. And, President Trump and Chinese President Xi Jinping declared a 90-day truce in an escalating trade war between the U.S. and China, with the U.S. putting on hold an increase in import tariffs scheduled for Jan. 1, 2019.
Higher milk prices and steady feed costs pushed October 2018’s Margin Protection Program for Dairy (MPP-Dairy) margin to its largest of the year. There will be no MPP-Dairy payments at any level for the month.
Digest Highlights
The outlook for dairy prices will be somewhat brighter moving into the middle of 2019, with a much more bullish forecast possible if the U.S. and China can reach a trade agreement, according to Dan Basse, economist and president of AgResource Company.
Finding and keeping a milk market has become less certain for dairy producers. Now, with culling at a record pace, farmers selling cows and other dairy-beef cattle for slaughter could face additional challenges as well.
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