A dairy farmer told lawmakers this week the next farm bill needs milk pricing improvements. Seventh-generation Pennsylvania dairy farmer Lolly Lesher, a member of Dairy Farmers of America, testified on behalf of the cooperative and the National Milk Producers Federation during a congressional review of dairy provisions in the Farm Bill. Lesher highlighted the need for improvements to the Federal Milk Marketing Order system, as evidenced by the heavy revenue losses incurred by dairy farmers nationwide from a milk pricing change made in the previous farm bill. She says, “The change made to the Class I mover combined with the government’s heavy cheese purchases cost dairy farmers over $750 million in revenue in the last six months of 2020 alone.” The dairy industry is seeking consensus on a range of FMMO improvements, including the Class I mover, that can be taken to USDA for consideration in a federal order hearing.
Friday Closing Dairy Market Update - Class III Futures Close Lower for the Week
GENERAL OVERVIEW: Milk futures closed with mostly double-digit gains. Class III futures closed mostly higher despite weakness in the b...
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GENERAL OVERVIEW: Traders had something to get excited over, resulting in milk futures increasing significantly. The strength in che...
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GENERAL OVERVIEW: Class III milk futures closed lower in most traded contracts. The weakness of blocks triggered selling as traders ...
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California milk production is seasonally decreasing but still supplying the needs of dairy commodity manufacturers. Processors report milk a...
