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Dairy economists expect forage quality problems and rising grain prices to limit milk output in the Upper Midwest and Northeast. They say milk production is below year-ago levels, while butterfat and protein components are up.
Higher feed costs and a smaller herd keep supply tight, but strong components mean the drop in production is not fully reflected in dairy product output.
brownfieldagnews.comNicole HeslipJun 26, 2019Not enough comparable past events yet for a historical read.
Not 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.
Forage problems and rising grain costs are expected to limit milk output, which tightens supply expectations.
