November Dairy Market Report

Jamie JohansenAg Group, Dairy, Dairy Management Inc., Export, Milk, National Milk

dairy market reportCheckout the November issue of the National Milk Producers Federation and Dairy Management Inc.’s Dairy Market Report.

Four straight months of rising milk prices and three straight months of falling feed costs have brought some financial relief to U.S. dairy producers from the tough conditions of early last summer. The average all-milk price moved from $14.50 per hundredweight last May to $17.30 in September, while the monthly Margin Protection Program (MPP) margin formula rose from $5.75 per hundredweight last June to $9.48 in September. The world dairy market and U.S. dairy export outlook also continue to brighten, but rising U.S. milk production is complicating the forecast for the coming year.