Deadlines, Trade & Optimism: Don’t Miss This Week’s News Highlights
The enrollment deadline for the Dairy Margin Coverage (DMC) program ends today. If you’ve been reluctant due to problems with the last DMC system, word on the street is this one is much better. Everything you need to know about DMC is in one place here.
Early bird registration at the MILK Business Conference ends today, too. (Save $175!) We’ll discuss digital disruptors in the dairy industry, financial sustainability, family transitions and more … all in Las Vegas! Get registration info here.
While the rest of the U.S. is worried about what Trump says to Ukraine, the dairy industry is concerned with what he said to China and Japan this week. China abruptly cancelled a goodwilltour hosted by the Montana Farm Bureau Federation this week after Trump announced he would not accept a partial trade deal. Meanwhile, Trump and Shinzo Abe signed the “first stage” of a free trade agreement in New York Wednesday, bringing at least a shred of good news.We could use the foreign markets. The U.S. dairy industry has cushioned slowing per-capita consumption with U.S. population growth. However, now U.S. population growth has slowed, too.
And let’s end the week with optimism.
Whey permeate, valuable for hog rations, has lost export momentum with African swine fever. However, China announced plans to reduce U.S. feed permeate tariffs to pre-retaliatory levels. Additionally, two Wisconsin economists explain whythey disagree with less-optimistic futures markets and believe dairy prices will average $1/cwt higher (or more!) next year, a letter to the editoron DFA’s decision to produce 50/50 plant-based milk says it will help the dairy industry, and two dairy farmers say even turbulent farm transitions are possible with these financial records tips.
However, if you’re not a rose-colored glasses kinda person (it’s okay, we’re all different) and just want the straight facts, an economist gives a state-of-the-dairy-industry market analysis here.