USDA Dairy Market Report is now available

Modest reductions in grain and hay prices moved the June monthly Margin Protection Program (MPP) feed cost formula calculation down by $0.12 from May to $7.97 per hundredweight. The bimonthly MPP margin for May–June was $8.97 per hundredweight, up $0.02 from the March–April margin.

The further easing of the milk production buildup of the past year or so has contributed to lower product stocks, and ultimately to stronger milk prices.

To see the full report click here: dmreportaug1713638

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