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Texas A&M AgriLife experts say summer demand for ice cream and dairy treats has not lifted raw milk prices in 2023. Producers received $17.32 per cwt in the latest USDA report, down from a $25.87 peak in June and July 2022.
Dairy herds are producing a surplus of milk, so the usual summer demand bump is not supporting prices. Continued low milk prices squeeze producer margins and feed buying.
agrilifetoday.tamu.eduAdam RussellJul 12, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
