Dairy producers in Ohio and across the country have faced a turbulent year for milk prices, input costs, and income.
Like other commodities, dairy product supply chains were stressed during the initial stages of the global Coronavirus pandemic. Milk prices have improved since the lows of April and May, but price and income risk remain major concerns of producers. Organizers from The Ohio State University’s College of Food, Agricultural, and Environmental Sciences in partnership with the Ohio Dairy Producer’s Association are hosting a free three-part webinar series November 5, 17, and 24 from noon to 1:00 p.m. EST. to prepare producers to mitigate these risks.
Ohio’s Federal Milk Marketing Order Class III milk price fell to a low of $12.14 per hundredweight in May before climbing to $24.54 per hundredweight in July. However, Class III prices do not always reflect the price received at the farm. Producer Price Differentials (PPDs) can increase or decrease the final price paid to producers based on factors such as how the milk is used — bottled for fluid consumption or manufactured into cheese and other dairy products- and how much milk is pooled in the Federal Order system.… Continue readingRead More »