NMPF January Dairy Market Report is Now Available

The January Dairy Market Report is now available. Looking back at 2017, the U.S. Department of Agriculture (USDA) estimates an average U.S. all-milk price of $17.65/cwt for all of last year. In terms of the extremes of the past 10 years, this will be $4.85 higher than the average price in 2009 and $6.35 lower than during 2014. The current Margin Protection Program (MPP) margin calculation should average about $9.70 in 2017, which would be the second-highest annual MPP margin over the past 10 years. It would be $3.60 below the highest, during 2014, and $5.12 above the lowest, during 2009. Monthly milk prices and margins both improved fairly steadily since last April, but federal order prices took a sharp drop at the end of the year, presaging a likely more difficult year ahead in 2018.

You can read the report here.