06-27-16 NMPF: June Dairy Market Report…

NMPF Dairy Market Report - JUNE 2016

The June issue of the NMPF-DMI Dairy Market Report is now available online. It says that U.S. milk production was 1.2 percent higher in April than a year earlier, interrupting the pattern of the three previous months, which had suggested the nation’s milk supply was experiencing a rapid growth spurt. The average all milk price was 30 cents per hundredweight lower in April compared to March, while the monthly Margin Protection Program feed cost calculation rose by 64 cents per hundredweight. Those changes put the bimonthly MPP margin for March-April at $7.15 per hundredweight, triggering payments for producers insured to at least $7.50.

Find the Dairy Market Report on our website.