Articles tagged under: milk

Class III Milk Prices Move Upward

Published May 22, 2020

Commodity Risk Management Group President Mike North says the volatility in the Class III milk prices caused the CME to adjust its expanded limit before Memorial Day. Dairy farmers can take advantage of these prices. "We are telling producers that…

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Dairy Farmers Adapt to Supply Chain Challenges

Published April 29, 2020

The dairy checkoff is partnering with processors to donate dairy products and meet the needs of local food banks. "We aren't asking for money from processor partners, but we are asking for help in delivering or storing products for food…

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USDA Won’t Re-open the Dairy Margin Coverage Program

Published April 20, 2020

Agriculture Secretary Sonny Perdue said the USDA will not reopen the Dairy Margin Coverage program sign-up. "We chose not to do that, because it's an insurance program. We literally begged people to sign up last year," said Perdue. "The DMC…

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USDA Adjustments for Dumped Milk

Published April 13, 2020

The Risk Management Agency will not penalize dairy farmers if their milk is dumped due to recent market disruptions. The milk will count as actual marketings for the Dairy Revenue Production program or the Livestock Gross Margin for Dairy program.…

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AFBF Analysis: Low Price Levels Threaten Farmer’s Livelihood

Published April 9, 2020

According to an updated economic analysis by the American Farm Bureau Federation, crop and livestock prices are falling to levels that threaten the livelihoods of farmers and ranchers. Since the beginning of the year, both beef and pork futures declined…

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Dairy Coalition Asks U.S. Government to Purchase Excess Products

Published April 6, 2020

The American Dairy Coalition is asking the U.S. government to use disaster funds to buy cheese inventory in storage and package it into consumer sized portions. The shutdown of schools, restaurants and coffee shops is causing some cheesemakers and milk…

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How the U.S. Dairy Industry is Navigating COVID-19

Published March 25, 2020

There are economic challenges for the U.S. dairy industry, including the impacts of COVID-19. "In late 2019, there was a light at the end of the tunnel in terms of milk prices. Now, prices are expected to be lower in…

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Dissecting and Navigating the Dairy Economy

Published February 26, 2020

There have been five years of marginal profitability for Minnesota dairy farmers. The second half of 2019 started to show an increase in the milk price, which put a little hope back into the market. Central Lakes College Farm Business…

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MN Dairy Numbers Continue to Dwindle

Published January 22, 2020

In Minnesota, 315 licensed dairy farms exited the industry in 2019. That’s according to data released by the Minnesota Department of Agriculture. This is the second year in a row the state has lost more than 300 dairies. 2,448 licensed…

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Strong Domestic Dairy Demand Expected to Continue in 2020

Published December 26, 2019

The outlook improved for the U.S. dairy sector toward the end of 2019. AgResource Company President Dan Basse says domestic product demand was strong the last six months of the year. That’s expected to continue in 2020. "We're relatively upbeat…

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