A look at the 2024 milk market. USDA economist, Michael McConnell, provides projections for this year’s milk product and class prices, as well as the all-milk price.
December Milk Production Drops Slightly
The 24 states that produce the most milk totaled 18.1 billion pounds in December, down 0.1 percent from December 2022. November’s revised production, at 17.3 billion pounds, was 0.6 percent below November 2022. The November revision represented a decrease of 14 million pounds or less than 0.1 percent from November’s preliminary production estimate. The USDA says production per cow in …
Concluding IDF World Dairy Summit 2023, Global Dairy Leaders Celebrate Sector’s Future
CHICAGO – Concluding the first International Dairy Federation World Dairy Summit (IDF WDS) held in the United States in 30 years, more than 1,240 dairy leaders from 55 countries celebrated IDF’s 120th anniversary and highlighted dairy’s innovations, market opportunities and contributions to global sustainability, food security and more. IDF President Piercristiano Brazzale and Director General Caroline Emond, along with U.S.-IDF …
Farm Bill: Where are We Now?
by Will Jordan Missing their September 30 deadline for passage of a Farm Bill, Congress still has work to do. A stop-gap funding bill extended government funding for another 45 days, yet turmoil in the House of Representatives leaves concern among agricultural groups. 81.1% of $1.5 Trillion in funding for the Farm Bill goes towards funding SNAP programs leaving a …
There’s a Milk for Everyone
by Wil Jordan Though facing serious competition from products labeled as milk, dairy continues to be a vital part of the global diet, no matter your preference of product. Dairy producers work hard to produce a wholesome product and because of its unique fat behavior, you can feel good about consuming dairy, according to Dr. Chris Cifelli, Senior Vice President …
Global Diet Study Reinforces National Dairy Council Research
By Will Jordan A new study recently published in the European Heart Journal concluded that whole-fat dairy serves as a heart-healthy source of nutrition and is associated with a lower risk of cardiovascular disease and mortality in all world regions. To learn more about the heart healthfulness of dairy, we visited with Dr. Chris Cifelli, Senior Vice President of Nutrition …
Farmers Seek Comprehensive Reform to Federal Milk Pricing
Dairy farmers, on average, lose $6.72 per hundredweight of milk produced, according to USDA data. The loss for dairy farms with less than 50 cows was even greater at $21.58 per hundredweight. Two dairy processor associations requested a federal milk marketing order hearing to increase make allowances. While AFBF is not opposed to updating make allowances, the proposals to USDA …
Dairy Farm Innovations Yield Environmental Benefits
Dairy farms around the nation are becoming more efficient. That’s coming up on This Land of Ours. From parlor to pasture, many advances in dairy farm management are helping drive up dairy farm efficiency in North America, and that helps drive down environmental impact. The Association of Equipment Manufacturers issued a report titled “Environmental Benefits of Modern Dairy, Hay, and …
Trade Aid Support for Dairy, Pork Producers
A large part of the $16 billion package developed to support producers suffering from trade tariffs is the Market Facilitation Program (MFP). Payments will be made by the Farm Service Agency (FSA) to producers of various crops, but dairy and hog producers will also receive a payment. Here is USDA Under Secretary for Farm Production and Conservation, Bill Northey. In …
Enrollment Update on Dairy Margin Coverage
Signup for the new Dairy Margin Coverage (DMC) program continues. Rod Bain has a story looking at some enrollment takeaways as the new DMC safety net program has reached its first month of implementation.