milk prices

With dairy, one story in USDA's March WASDE report is record high prices. "The all milk price was raised $1.50 per hundred weight to $25.05 per hundred weight, and that would be a new record compared to the previous record, which was achieved in 2014," noted World Agriculture Outlook Board Chair Mark Jekanowski calls the increase significant ...

Dairy farmers have a bright outlook for 2022 with higher milk prices and demand. Jeff Lyon, General Manager at Farm First Dairy Cooperative, said milk prices look good to start the year. “Well, right now, I say when you're sitting here and looking at milk prices, so you know, traditionally, we'd have that November-December holidays kind of into January-February demand down, and you look at where

The U.S. dairy industry relies on exports and is constantly finding ways to find market opportunities overseas, that was the recent message from Alex Peterson, chair of the National Dairy Research and Promotion Board. At the recent Farm Journal MILK Business Conference, Peterson said exports are the key price driver ...

New legislation introduced last week in the Senate calls for Federal Milk Marketing Order hearings addressing Class I milk pricing. Democrats Kirsten Gillibrand of New York, Patrick Leahy of Vermont, and Republican Susan Collins of Maine introduced the bipartisan Dairy Pricing Opportunity Act ...

American Dairy Coalition is inviting dairy producers to participate in a short poll on the Federal Milk Marketing Order Class I pricing method. Coalition CEO Laurie Fisher said, "This poll gives dairy producers the opportunity to show how the Class I pricing change affects them in terms of planning and risk management and to give their preference ...

"In 2020, record negative producer price differentials occurred which were not just abnormal in magnitude, they were unpredictable and greatly contributed to farm milk price volatility," said Cornell University economist Christopher Wolf speaking during a Senate Ag subcommittee hearing last week on milk pricing and possible area of improvement and reform ...

FarmFirst Dairy Cooperative has submitted a proposal to the USDA to revert back to an old pricing order. The organization would like to revert back to using the “higher of” the Class III or Class IV price in calculating the Class I mover in Federal Milk Marketing Orders if USDA’s AMS grants a national emergency hearing to address the Class I mover issue. FarmFirst Gener ...

Last week, the Department of Ag announced updates to livestock insurance policies for 2022 and beyond. The USDA said the updates are designed to improve options for producers and to create additional opportunities for producers to participate ...

The National Milk Producers Federation’s Board of Directors voted last week to request an emergency USDA hearing on a Federal Milk Marketing Order proposal. The proposal, NMPF said, would restore fairness for farmers in the Class I fluid milk price mover. The ...

The USDA recently raised its price forecast for dairy products across the board. "This largely is reflecting kind of a rebound in food service demand as the economy starts to reopen and restaurants and food service and hotels start to see an increase in their business," said USDA World Outlook Board chair Mark Jekanowski ...