Clinton Griffiths and Naomi Bloom discuss the future of dairy markets during the global coronavirus pandemic.
DMC participants could receive $17,500 in payments through the end of the year for every one million pounds of production history.
Dairy groups submitted a proposal to the USDA calling for it to reopen the Dairy Margin Coverage program. But Secretary of Agriculture Sonny Perdue says that's not in the plans.
Cattle feeding losses increased the week ending April 11, as cash prices fell $6 per cwt. on soft packer demand for market-ready cattle.
It's one way to reduce production, but weight gain during the prolonged dry period can be a real risk.
If there is one thing that is certain in business, it is uncertainty
Farmers across the country are being asked to dump their milk, as food service demand crumbled rapidly due to COVID-19. Still, farmers are frustrated that consumers can't buy as much