Agricultural economist Mary Ledman with Rabobank Research says Friday’s USDA dairy production is up but, “I look at this report being more bullish.”
Ledman tells Brownfield the dairy herd size is down and milk production is up 1.3% nationwide, and 1.5% in the major dairy states, but the increase is lower than expected. “The prior two milk production reports that we had for 2018 showed U.S. milk production up 1.8% versus a year ago and an ever-growing dairy herd.
Continue reading Analyst sees USDA dairy report as “bullish” at Brownfield Ag News.
