For seventh time in the last eight semi-monthly sales, prices declined on the Global Dairy Trade auction today.
The new Federal Order will calculate milk prices differently than the old state order, potentially resulting in more revenue to farmers.
As promised by Agriculture Secretary Sonny Perdue, USDA released details on how aid payments were calculated on Thursday.
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In their September World Agriculture Supply and Demand Estimates (WASDE) report, USDA raised the 2019 milk production forecast and 2019 milk price estimates.
That amounts to half the increase in U.S. milk production in 2018.
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To NAFTA renegotiations, Agriculture Secretary Sonny Perdue told CSPAN over the weekend that Canada’s Class 7 dairy policy must go.