Welcome to spring! There is warmth in the air with the smell of flowers and fresh earth to enjoy. In addition to the sights and smells of spring, my favorite spring sound is spring peepers in the evenings. Milk price continues to heat up as we move into the spring as well. Class III and…
The deadline for 2022 Dairy Margin Coverage (DMC) and Supplemental DMC is by the end of business on Friday, March 25, 2022 at your local Farm Service Agency (FSA) office. By the time this reaches your mailbox, the deadline will be less than a week away. I was informed by the Pennsylvania state FSA office…
Each February, annualized cow numbers, milk production, and licensed dairy farms are included in the USDA Milk Production report. The following is a summary of some of the data found in that report. Total 2021 U.S. milk production grew by 1.3% compared to 2020 at 226.3 billion pounds. This was accomplished by both increased cow…
I suppose time flies when you are having fun. It is hard to believe that another month has gone by. Class III and IV milk prices continue to increase despite turmoil in other parts of the world. The days are noticeably longer and hopefully warmer temperatures are around the corner as well. Average Class III…
Due to the timing of USDA reports and production schedules this week, the article I write at the end of each month reporting previous month milk production and cow numbers will be delayed until next week. Announced Class IV milk price eclipsed Class III in November and stayed above in December and January. According to…
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…
