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You’re busy milk cows and finalizing cropping plans. With that in mind, Progressive Dairy looks at issues in the news impacting you and your dairy business.

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We’ve all heard the phrase, “The only constant in life is change,” and today’s dynamic global landscape certainly reflects that sentiment.

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Ending the first quarter of 2020, dairy markets have been characterized by two images: a coronavirus hangover and toilet paper. Latest information from the USDA’s Dairy Market News and retail data provides an overview of regional and national dairy conditions as they relate to the COVID-19 outbreak.

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In normal times, dairy risk management tools are a means to provide break-even protection and even lock in some profitability. With the current and likely prolonged impact of COVID-19 on dairy markets, producer should implement risk management strategies as a means to mitigate further losses, warns Marin Bozic, University of Minnesota dairy economist.

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U.S. dairy industry leaders are pleased an economic stimulus package contains provisions to help support the nation’s dairy producers and processors, but they remain hopeful additional financial aid and other USDA policy and program changes will be forthcoming to offset anticipated losses due to COVID-19.

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