228 | New Risk Management Options for Dairy Farms
In this episode of the Uplevel Dairy Podcast, host Peggy Coffeen welcomes Curtis Bosma from HighGround Dairy for the May market update. The discussion covers significant changes in Dairy Revenue Protection (DRP) and Livestock Risk Protection (LRP) programs, including updated rules and new protections for beef cross calves and cull cows. Curtis provides insights into trends in milk production, the cheese market, butter market, and milk powder exports. Additionally, they cover key points about the current state of commodity markets, particularly in corn and soybeans, offering strategic advice for dairy producers on margin management.
This episode is brought to you by:
HighGround Dairy provides global dairy market intelligence, insurance services, futures & options brokerage, and advisory programs to a diverse range of dairy market participants throughout the supply chain.
Information shared in this podcast is for educational purposes and is not a solicitation to buy or sell commodities. Opinions expressed are current opinions as of May 16, 2025 at 1 p.m. CST and only represent the views of the speaker and not those of HighGround Trading, unless otherwise expressly noted.
00:00 Introduction to Dairy Market Changes
00:57 Updates on DRP and LRP Programs
02:14 Impact of LRP Changes on Dairy Producers
02:40 Strategies for Margin Management
05:07 Evaluating Insurance Providers
08:12 May Monthly Market Update
10:14 Cheese and Butter Market Trends
13:55 Milk Powder and Global Trade
16:16 Corn and Soybean Market Insights
21:08 Conclusion and Upcoming Events
