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Jan 19, 20247 min read
Federal Milk Marketing Order Hearing Week 11
The National Federal Milk Marketing Order (FMMO) hearing that started back in late summer resumed for week 11 on Tuesday. Most of the...
Jan 19, 20243 min read
Milk, Dairy and Grain Market Commentary
Most Americans are irate about an unwelcome invasion across our unprotected border. I’m talking, of course, about the blast of cold air...
Jan 12, 20244 min read
Milk, Dairy and Grain Market Commentary
The dairy trade is feeling around for the bottom in the cheese market. Cheese output remains robust, but low prices have finally...
Jan 5, 20244 min read
Milk, Dairy and Grain Market Commentary
The new year has officially begun. But as Auld Lang Syne faded into the background, the dairy markets were unsettled in the first...
Jan 3, 20244 min read
SGMA & Dairy. What Do You Want to Know?
A few days ago, I had an opportunity to chat with a dairy real estate professional who is a regular reader of the MPC Friday Report.
Dec 22, 20234 min read
Milk, Dairy and Grain Market Commentary
There was a decided lack of Christmas cheer in the Class III markets this week. The January through April contracts scored...
Dec 15, 20234 min read
Milk, Dairy and Grain Market Commentary
Ink ran red on LaSalle Street this week. January Class III futures dipped below the $16 mark, a level signaling plenty of red ink on...
Dec 15, 20234 min read
Water Policy in California: Lots of Activity; Not Much Clarity
There is a lot going on in California water right now and I will mention a number of things in today’s update. So much of it is a work...
Dec 8, 20232 min read
FMMO Hearing Report Week 10
Early in this full week at the Federal Milk Marketing Order (FMMO) hearing, National Milk Producers Federation witnesses wrapped up...
Dec 8, 20234 min read
Milk, Dairy and Grain Market Commentary
Cheese vats remain full, despite lower milk output. U.S. cheese production reached 1.19 billion pounds in October, up 0.8% from the...
Dec 2, 20234 min read
Milk, Dairy and Grain Market Commentary
U.S. milk production slumped deeper into the red in October as poor margins and tight heifer supplies trimmed the dairy herd. Milk output...
Dec 1, 20235 min read
My Testimony at the Federal Milk Marketing Order Hearing
It was a privilege to testify for Milk Producers Council at the FMMO hearing this week. In addition to fully supporting the package...
Dec 1, 20233 min read
FMMO Hearing Restarts
After a six-week break, the Federal Milk Marketing Order hearing resumed in Carmel, Indiana this week. When the hearing had recessed...
Nov 17, 20234 min read
PRB Has Another Meeting; Votes to Recommend Referendum on QIP Termination Petition
At 11:15 a.m., Producer Review Board (PRB) chairman Art Van Beek called the November 17, 2023 meeting to order. The venue was the...
Nov 17, 20234 min read
Milk, Dairy and Grain Market Commentary
The holiday season is upon us, but the dairy markets haven’t been feeling particularly festive. Nearly all products lost value over...
Nov 10, 20234 min read
Milk, Dairy and Grain Market Commentary
After more than a month in the stratosphere, the butter market plummeted back to earth. CME spot butter crash-landed today at $2.60...
Nov 3, 20235 min read
Producer Review Board Has Another Meeting (And Another One is Planned in Less Than Three Weeks)
Back in the day, serving on the Producer Review Board (PRB) was easy duty. One meeting a year to talk about the pooling budget, maybe a...
Nov 3, 20234 min read
Milk, Dairy and Grain Market Commentary
There was a lot of red ink on LaSalle Street this week, and every product at the CME spot market finished lower. Most milk futures...
Oct 27, 20234 min read
Milk, Dairy and Grain Market Commentary
A poor showing at the Global Dairy Trade (GDT) Pulse auction spooked the milk powder markets this week and another month of...
Oct 20, 20234 min read
Milk, Dairy and Grain Market Commentary
USDA released its Milk Production report this week, indicating that national output contracted in September for the third month in a row.
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