Four straight months of rising milk prices and three straight months of falling feed costs have brought some financial relief to U.S. dairy producers from the tough conditions of early last summer. According to the National Milk Producers Federation – Dairy Management Incorporated November Dairy Market Report, the average all-milk price moved from $14.50 per hundredweight last May to $17.30 in September, while the monthly Margin Protection Program (MPP) margin formula rose from $5.75 per hundredweight last June to $9.48 in September. The world dairy market and U.S. dairy export outlook also continues to brighten, but rising U.S. milk production is complicating the forecast for the coming year. To read more of this report click here.
 |  |  |  |  |  |  |  |  |