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Texas A&M AgriLife experts say milk prices have stayed low in 2023 despite the usual summer demand boost. The USDA reported producer prices at $17.32 per hundredweight, down from $25.87 peak last summer.
Dairies are producing a glut of milk.
A surplus of milk keeps raw milk values depressed, which weakens dairy producers' buying power for feed. The lack of a seasonal lift suggests low prices may persist near term.
stories.tamu.eduAgriLife Today website 4 min. readJul 19, 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.
