USA: March 2023 Class I base milk price dips below $19

Update highlights Coming up: January 2023 DMC March 2023 Class I base price dips below $19 January cull dairy cow marketing jumps December, 2022 fluid sales lower All-milk, mailbox price spread closes slightly in November Vitaliano: Cheese key to domestic, export growth Cottonseed: Mixed outlook for availability Coming up: January 2023 DMC The January 2023 Dairy Margin Coverage (DMC) program margin and potential indemnity payments are scheduled to be released Feb. 28. Check the Progressive Dairy website for an update. March 2023 Class I base price dips below $19 March 2023’s Federal Milk Marketing Order (FMMO) advanced Class I base price moved lower, falling below $19 per hundredweight (cwt) for the first time since November 2021. The “average-of plus 74 cents” formula provided a small producer benefit over the previous “higher-of” formula. At $18.99 per cwt, the March 2023 Class I base is down $1.79 from February and $3.89 less than March 2022. Class I zone differentials are ...