Peterson: Expanding International Market Key For U.S. Dairy Industry

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. “More milk than Wisconsin produces […]

Legislation Calls for Federal Milk Marketing Order Class I Pricing Hearings

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. The bill requires the Department of Agriculture to initiate the process of […]

Dairy Producers Asked to Participate in FMMO Class I Pricing Method Poll

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 […]

Senate Looks To Address Milk Pricing, Future

“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. Wolf noted those price […]

FarmFirst Would Like To Return To Pre-1999 Pricing

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 […]

USDA Announces Updates to Livestock Insurance Policies

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 changes include ensuring the Class Pricing Option remains available for purchase even when either the Class III […]

Dairy Farmers to Seek Emergency USDA Hearing on Class I Mover Reform

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 endorsement of the board, which represents dairy farmers and cooperatives nationwide, follows approval […]

Jekanowski Explains Why USDA Moved Dairy Prices Higher

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. “Cheese […]

USDA: Dairy Prices Are Moving Higher

Dairy prices are on the way up. “It’s been very interesting in dairy as we continue to raise our expectations for product prices and therefore for milk prices by class and the all milk price,” noted USDA Chief Economist Seth Meyer. Despite the increase he acknowledged dairy farmers still face challenges. “Those input prices are […]

U.S. Dairy Farm Numbers Continue to Decline

Data from the USDA shows the number of licensed dairy operators in the United States continues to decline. USDA’s Milk Production report showed the fourth-largest year-over-year decline in the number of licensed dairy operations in the last 15 years. There were 2,550 fewer licensed dairy operations in 2020 than in 2019, when the number dropped […]