2021 was a year of tight margins that saw the Dairy Margin Coverage (DMC) program pay out every month except December where the margin, at $9.53 per cwt., just missed triggering an indemnity by a few cents. Exports last year set multiple records. Final 2021 milk production numbers have yet to be released but it…
In 2009, National Milk Producers Federation (NMPF) and Dairy Management Inc. (DMI) co-created the National Farmers Assuring Responsible Management (FARM) Program. Since then, the National FARM Program has become the premier dairy animal welfare program in the U.S. and represents 99% of total milk produced in the U.S. Read More
The December 2021 Dairy Margin Coverage (DMC) margin was announced earlier this week and is the first time in 13 months to eclipse the maximum $9.50 margin coverage, albeit just barely. The DMC margin was announced as $9.53 per cwt. A $1.00 per cwt increase in the all-milk price overwhelmed a 61 cents per cwt…
We seem to be in the dead of winter with temperatures falling and snow on the ground. Though temperatures in Pennsylvania seem to be getting colder, milk prices across the nation continue to heat up. Class III and IV prices continued their upward march during January. Class III and IV prices continue to be inversed…
After several years of low to borderline milk prices, current market conditions show significant improvement to milk prices as we begin 2022. Milk futures on the Chicago Mercantile Exchange (CME) are showing the highest Class III and IV prices since 2014. The Class III price in 2014 averaged $22.34 per cwt and Class IV averaged…
For many years at the beginning of February, the Pennsylvania Dairy Summit has been the go-to conference for Pennsylvania dairy farmers and industry personnel to get the most up-to-date information on a variety of topics. After having to provide the Summit virtually in 2021, this year’s Summit is back in-person on February 2 – 3…
Happy New Year! It is hard to believe that another year has already come and gone. Many folks make resolutions this time of year to make self-improvements or to be more service minded to improve the world around them. The two most common resolutions year-after-year are to exercise more and to eat more healthily or…
This month marks the end of the third year I’ve worked at the Center for Dairy Excellence. Thank you for accepting me into the Pennsylvania dairy industry and for reading these articles. I hope you find value in them. Any time you have questions, do not hesitate to contact me. As another year is ending,…
On December 8, the USDA announced that enrollment for the 2022 Dairy Margin Coverage (DMC) program would open on December 13, 2021 and continue through February 18, 2022 at local Farm Service Agency (FSA) service centers. Continue reading for additional details on the improved programs. Read More
For the second month in a row, the Dairy Margin Coverage (DMC) margin improved. For October, the improved margins were driven by both increased milk price and decreased feed prices. The Oct. DMC margin was announced as $8.77 per cwt and is the highest margin so far this year. The blended alfalfa hay price increased…
