Industry News

On the eve of the enrollment deadline for the 2021 Dairy Margin Coverage (DMC) program, the USDA raised milk production forecasts for both 2020 and 2021, with 2021 milk price projections reduced substantially. Higher anticipated prices for soybean meal are expected to drive feed costs up as well.

Pennsylvania Milk Marketing Board (PMMB) officials shared additional details regarding “declaration” forms that will help affected dairy producers navigate avoidance claim settlement offers related to the bankruptcy of Dean Foods.

Digest Highlights

• USDA to buy fluid milk, butter in 2021
• CFAP 2 sign-up deadline is also Dec. 11
• Vilsack headed back to USDA; congressional ag leadership has emerged

The Pennsylvania Milk Marketing Board (PMMB), in collaboration with the Pennsylvania Attorney General and ASK LLP, have developed declaration forms that may help dairy farmers and milk haulers navigate avoidance claim settlement offers related to the bankruptcy of Dean Foods.

October whey and milk powder sales to Asia-Pacific helped push U.S. dairy exports to a 14th consecutive month of year-over-year gains, according to a monthly update from the U.S. Dairy Export Council (USDEC).

With the scheduled enrollment period for the 2021 Dairy Margin Coverage (DMC) program in its final days, dairy market analysts are sounding alarms for substantial milk price risk in the year ahead.