Friday, December 23, 2022

New Report Lays Out Priorities for U.S. Dairy Reform

A new report from the American Farm Bureau Federation lays out priorities, principles, and recommendations for reforming dairy policy. A Farm Bureau Working Group explored options for strengthening the dairy industry through the 2023 Farm Bill and modernizing the current Federal Milk Marketing Order. Some of the priorities for FMMO reform include returning the Class 1 mover to a “higher-of” formula, increasing the Class 1 differentials to reflect changes in the marketplace, and making cost surveys mandatory and have them audited by USDA, and several others. “America’s dairy farmers continue to meet the challenges of growing demand for milk products, even while the number of dairy farmers in the U.S. continues to shrink,” says AFB President Zippy Duvall. “These recommendations convey the needs of dairy farmers across the country.” Farm Bureau also says the report gives guidance to USDA as it prepares for future hearings on modernizing the FMMO system.




Tuesday Closing Dairy Market Update - Global Dairy Trade Gains 1.8 Percent

MILK Milk futures are in line with underlying cash and moving in relationship with it. Futures did not move substantially outside of...