Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
The outlook for dairy producers continues to be strong for the remainder of the year, despite milk futures retreating some – albeit still high compared to less fruitful years – and an anticipated high-yielding 2024 harvest. October’s income-over-feed cost projections remain in dairy producers’ favor for a profitable month with the margin just shy of $16 as of Sept. 24.
Regardless of the buzz surrounding dairy markets, producers should still consider risk management strategies to lock in that potential profitability in the month ahead.
Jenn Coyne
September 26, 2024
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