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Industry News

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

LATEST

With a USDA extension giving dairy producers several more weeks to enroll in the Dairy Margin Coverage (DMC) and Supplemental DMC programs, many producers are being urged to reevaluate their initial decisions not to sign up for the federally subsidized safety net program in 2022.

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The Federal Milk Marketing Order (FMMO) advanced Class I base price hit another eight-year high in March, but the change in the Class I mover formula implemented in 2019 reduced what might have been an even higher price paid to producers.

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Continuing a trend started last November, Federal Milk Marketing Order (FMMO) January 2022 uniform milk prices were up while the Class IV milk price impacted handler pooling.

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Strong global demand and tight supply helped drive U.S. dairy product exports to a second consecutive volume record in 2021 and a new all-time high in value. Export volume in 2021 was equivalent to more than 17% of U.S. milk produced last year, also an all-time high, according to the U.S. Dairy Export Council (USDEC).

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