Page 18 - Dairy Margin Coverage Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Farm Progress MORE MILK: According to USDA, milk per cow in 2021 is projected to average 24,095 pounds, 5 pounds more than the previous forecast. Dairy Outlook: With production up and the pandemic still affecting sales, 2021 milk prices are hard to predict. Milk production continues to run well above a year ago. “December milk production was 3.1% higher than a year ago, marking the second straight month above 3%,” says Bob Cropp, University of Wisconsin-Madison dairy economist. Milk cow numbers have been increasing since July, with another 12,000 in December br...

By Tom Doran December 14, 2020 at 8:35 pm CST WASHINGTON — A revised outlook of farm financial indicators projected a rise in net farm income for 2020 due to government payments and improved commodity prices, but estimates were not rosy for all sectors. The U.S. Department of Agriculture’s Economic Research Service projected net farm income, a broad measure of profits, to increase by $36 billion (43.1%) from 2019 to $119.6 billion this year. “In inflation-adjusted 2020 dollars, net farm income is forecast to increase $35 billion (41.3%) from 2019, increasing for the fourth con...