The good news: Stronger November average milk prices and lower feed costs fueled the strongest monthly income margins for U.S. dairy farmers in quite some time. The bad news: November’s margin will likely be the peak as milk prices head lower into 2020.
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Digest Highlights
- 2019 CWT dairy exports near 1 billion pounds milk equivalent
- FDA seeks comments on use of UF milk in some cheeses
- Dairy Defined Podcast: NMPF’s Vitaliano discusses dairy’s recovery
- Fluid Milk Processor Promotion Board nominees sought
- California ‘quota’ meetings move to next phase
- 2020 milk production forecast: Limited growth among major exporters
- Illinois dairy farmers could see breakeven in 2020
- New ‘Destination Dairy’ exhibit hall planned at Pennsylvania Farm Show
The FDA's annual analysis shows dairy consumers are safe when it comes to animal drug residues in milk.
Digest Highlights
- January Class I base: $19.01 per cwt
- Dairy margins deteriorated to start December
- November 2019 dairy cow slaughter rate slows
- New Dairy West brand is ‘Unbottled’
- NMPF unveils new REAL Seal website
- SUNY – Cobleskill receives USDA grant to expand dairy processing facility
- CoBank: Dairy remains in transition
The U.S. Bankruptcy Court for the Southern District of Texas has granted Dean Foods authority to access the full amount of its $850 million financing to continue operations.
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