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USDA cold storage completed a quiet but softer dairy trade day.

Hastings Creamery closed its doors leaving Midwest dairy farmers without a market for their milk. Many producers are not only scrambling to find a new market but also have been left unpaid for their milk.

“If I were picking both from a financial and an emotional perspective, the next place I could put a dollar, I still would favor farmland pretty highly,” Bruce Sherrick says.

The EPA and Hershey announced that $2 million will go towards supporting local dairy farmers. The Alliance for the Chesapeake Bay, in collaboration with Land O’Lakes will use funds to promote environmental goals.

Each region of the U.S. presents its own challenges with raising calves, with the varying landscapes often dictating the layout of calf facilities.

The July 2023 USDA Milk Production report spotlighted difficult conditions in the Southwest and California. The report showed a 0.6% decrease in year-over-year milk production. Cow numbers also dropped year-over-year.

Beginning Aug. 23 at 9 a.m. EST in Carmell, Ind., the USDA Federal Milk Marketing Order (FMMO) hearing will start considering proposals to amend the uniform pricing formulas applicable in all 11 FMMO orders.

CME futures prices rallied following USDA’s report. September closed 39 cents higher while October was up 22.