The Dairy Margin Coverage (DMC) program set three new records in August: (1) the highest total monthly average feed costs; (2) the smallest average milk income over feed cost margin; and (3) the largest indemnity payments for any month in the history of the dairy safety net program.
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Digest Highlights
- Gallagher stepping down as head of DMI
- USDA proposes to reapportion National Dairy Board membership
- September Class III-IV milk prices improve
- Dairy cull cow slaughter picks up pace
- NMPF critical on FDA inaction on ‘fake dairy’
- USDA accepts bids for mozzarella, process cheese
- World Dairy Expo: Forage winners named; cattle shows start
With fall harvest dominating your days, keeping tabs on risk management may be secondary. To help keep track of price protection opportunities, Progressive Dairy provides monthly online updates of important dates and reports affecting risk management tools.
Editor’s note: This article has been updated from the original to include additional comments from the American Dairy Coalition.
As calls for reforms to the Federal Milk Marketing Order (FMMO) system grow louder, one “hot button” issue remains under fire. At least one dairy organization wants to keep producer pressure on that issue to ensure a long-term equitable outcome.
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