Dairy Farmers Could Face Another Year of Disturbingly Low Milk Prices
22:27 | 15/01/2024
The Dairy Margin Protection (DMC) program has been a huge help to many farmers during 2023. Farms that produced less than 5 million pounds for the first 10 months of 2023 received some payment for each month under the program if the $9.50 price level had been chosen. There were some very large payments in May, June, and July. Payment was also received if the low level of $4.00 was chosen for the months of June and July with income over feed prices of $3.65 and $3.52 respectively.
Dairy Producers Face Tightest Margins on Record
22:20 | 07/01/2024
While we have flipped the calendar to a New Year, we didn’t necessarily say goodbye to low milk prices. 2023 was a tough year financially for dairy producers and 2024 isn’t off to a great start either. According to Stephen Cain, the senior director of economic research and analysis at National Milk Producer Federation (NMPF), 2023 had some of the lowest margins since the Margin Protection Plan debuted.
US cheese production expected to grow in 2024
14:04 | 29/12/2023
Exports expected to rise 8%
New Zealand butter production expected to grow in 2024
13:58 | 29/12/2023
Production to rise 3%
Producers Await Dairy Margin Coverage Sign up for the 2024 Calendar
21:13 | 24/12/2023
As producers look to the end of the year, one trip they have not made yet is to the USDA Farm Service Agency (FSA) office to select a coverage level to participate in the Dairy Margin Coverage (DMC) program in 2024. This is because no announcement has been made yet about the enrollment period for the year ahead.
Will High Interest Rates Limit Expansionary Appetites?
23:14 | 10/12/2023
The rising interest rates that have unfolded over the last few of years is one pain point that dairy producers are feeling. Phil Plourd with Ever.Ag Insights says a couple of years of aggressive inflation means producers are paying more for just about everything.
Determination is Key to South Dakota Dairy’s Rich History
23:10 | 10/12/2023
Tucked away in the northeast corner of South Dakota you’ll find cornstalks, jackrabbits and a 130-year-old dairy operation that runs on passion, perseverance and a focus on finding the right people. This dynamic trifecta is what makes up the unparalleled culture of MoDak Dairy in Goodwin, S.D., and it’s what led the Moes family to become a Top Producer of the Year finalist in 2023.
Fonterra flags challenging environment in fiscal 2024
14:01 | 12/11/2023
New Zealand's Fonterra, the world's largest dairy exporter, on Thursday said it anticipated a challenging operating environment for global dairy markets in fiscal 2024, reported Reuters.
Friday the 13th Spares Milk Prices
23:13 | 16/10/2023
Friday the 13th lacked any real horrors. CME spot trade was quiet, outside of a continued correction lower on butter. Butter fell 3 cents to $3.36/lb, Dry whey continued it's big volume week with another day in double digit trades and a jump higher of half a cent to $0.33 1/2/lb. Grade A Non Fat Milk was unchanged at $1.22/lb with Cheese tagging along at unchanged with Blocks at $1.70/lb and Barrels at $1.64 1/2.
Brazil milk production up 3.(% over last year)
11:06 | 04/09/2023
According to the quarterly livestock report from Brazil's Agência de Notícias (IBGE), milk production rose 3.9% over last year, but declined 2.8% over the previous quarter.
