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This Week In Dairy

  • Board members of Agri-Mark, a major dairy cooperative in the Northeast, are asking for federal support for the U.S. dairy industry in light of burdensome supplies and tariff wars that have sent milk prices plummeting. The co-op has also scheduled a national meeting for mid-August to consider policy and market options as dairy farmers struggle through another year of below-breakeven milk prices.

  • May 2018 turned in another strong month for U.S. dairy exports, with total sales volumes the third highest on record. However, with retaliatory tariffs on dairy exports now in place, foreign sales, and prices, are already being impacted.

  • It’s become a tradition for the Progressive Dairyman team to scope out new products, ideas and innovations to share with readers following World Dairy Expo in Madison, Wisconsin. The 2017 show, with a theme of “Discovering New Dairy Worlds,” had plenty to offer.

  • Lower dairy product prices resulted in lower revenue for most dairy cooperatives in 2016, according to an annual report from the National Cooperative Bank. With the revenue decline, fewer dairy co-ops were listed among the nation's 100 largest cooperatives.

  • Editor's note: While this article seeks to explain different options to protect milk prices and income margins, it's imperative you talk to professional milk marketers and insurance agents before making risk management decisions.

  • We’re into the fourth quarter of 2017. Looking back to late summer, August might have provided the high point for prices and margins.

  • The USDA’s Farm Service Agency (FSA) has processed about $155.3 million in year-to-date indemnity payments issued under the Margin Protection Program for Dairy (MPP-Dairy). One group of dairy farmers, those who enrolled in a separate Livestock Gross Margin for Dairy (LGM-Dairy), won’t see any of those payments, even though MPP-Dairy program changes may have been made after they made other risk management decisions.

  • With increasing U.S. milk production outpacing growth in domestic consumption, the global market will become more important as an outlet for U.S. sales. U.S. dairy marketing leaders outlined efforts to boost U.S. dairy product exports during a press conference at World Dairy Expo, Oct. 4, in Madison, Wisconsin.

  • The USDA’s July World Ag Supply and Demand Estimates (WASDE) report substantially reduced milk price outlooks for 2018 and 2019, while also cutting milk production estimates for both years. Although tempered by lower expected feed costs, lower milk prices will likely weaken producer margins, resulting in lower cow numbers and slower growth in milk per cow, according to the report.

  • Digest Highlights

    • Wisconsin dairy herds slip below 8,500; task force members named

    • National Dairy Board appointees named

    • June global dairy price index weakens

    • Whole milk buffers May fluid milk sales decline

    FDA to enforce dairy labeling regulations

    • ADC urges FDA action on ‘milk’ labels

    • State Farm Bureaus press imitation dairy labeling issue

    • ‘Choose PA dairy’ promotional materials available

    • ADC seeking support for another dairy labor bill

    • CMPB launches kid-based milk promotion campaign

  • It’s that time of the year to start thinking about taxes for 2017. So what’s new for 2017? The short answer is: nothing much – still waiting. However, I’m sure you have heard about President Trump’s proposed tax reform. What are these changes? This article will discuss some of President Trump’s proposed changes and how they affect you.