The April Dairy Market Report is now available. The U.S. average all-milk price lost a total of $2.80/cwt. in roughly three equal drops from November 2017 through this past February. Total U.S. milk production was up by 1.6 percent from a year earlier during the three months of December 2017 through February 2018, while estimated total U.S. production of milk solids rose by 2 percent during the same period. The monthly margin under the dairy Margin Protection Program (MPP) for February 2018 was $6.88/cwt. It was the third month in a row during which the MPP margin was down more than $1.00/cwt. from the previous month.
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