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DMC Signup Deadline Days Away

The signup deadline is December 11th for the new and improved Dairy Margin Coverage program. Chris Galen with the National Milk Producers Federation updated listeners from a recent NMPF Dairy Defined Podcast:

Benchmark up $1.73

The Agriculture Department announced the November Federal order Class III milk price at $23.34 per hundredweight, up $1.73 from October, $2.89 above November 2019, and the highest Class III since July. The November Class IV price is $13.30, down 17 cents from October...

Minimize The Risk of Ketosis

Dr. Ryan Leiterman with Crystal Creek wrapped up his series on ketosis on today's Dairy Radio:

Winter La Nina Forecast

Most models indicate that the 2020/2021 La Niña is likely to be a moderate to strong event. Eric Snodgrass, Sr. Atmospheric Scientist at Nutrien Ag Solutions, updated dairy producers on a recent PDPW Dairy Signal:

Looking Down The Road

With Thanksgiving in the rear view mirror, the dairy industry wonders what is down the road for dairy product prices. Lee Mielke talks about it with Dairy and Food Market Analyst editor Matt Gould:

Key Milk Components

Dr. Mike Hutjens looks at milk components in this week's Feed Forum Friday:

DMC, CFAP Deadline December 11th

December 11th is the deadline to register for round two of the Coronavirus Food Assistance Program and also the Dairy Margin Coverage Program. Chris Galen from the National Milk Producers Federation provided us with an update:

Dairy Margin Coverage Questions?

 Marin Bozic answers a few questions about USDA’s Dairy Margin Coverage program. 

COVID Spread Continues

From a recent PDPW Dairy Signal, Kathrine Barnes with the National Farm Medicine Center shares her thoughts about the spread of COVD-19:

Milk Production Ramifications

We saw a pretty bearish October Milk Production report last week. HighGround Dairy's Lucas Fuess talks about the ramifications with Lee Mielke on today's Dairy Radio Now:

Class III Hits Bottom

Ironically, while cash block cheese set a new record high the first week of June Dairy Month, the Agriculture Department announced the May Federal order benchmark milk price Wednesday, which fell to its lowest level since September 2009.

The COVID-incited plunge in farm gate milk price hit bottom at $12.14 per hundredweight, down 93 cents from April and $4.24 below May 2019. That pulled the 2020 Class III average to $15.10, up from $15.05 at this time a year ago and $14.25 in 2018.

Class III futures settlements Wednesday portended a rebound in June to $19.83, with July at $18.68; August, $17.36; September, $17.02; October, $16.86; November, $16.66; and December at 16.42.

The May Class IV price is $10.67, down 73 cents from April, $5.62 below a year ago, and the lowest Class IV price since August 2009. The Class IV average stands at $13.96, down from $15.81 a year ago and compares to $13.42 in 2018.
Courtesy: Mielke Market Weekly


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