The USDA expects margins for dairy farmers to remain tight into next year.
USDA World Ag Outlook Board Chair Seth Meyer says while feed costs were lowered in the July outlook, it’s not enough to offset depressed milk prices. “Margins are still going to remain under some pressure most of the way through ’18, through most of ’19.”
He says too much cheese and butter, competitive export prices, and increasing milk production continues to pressure prices.
Continue reading Another tight year for dairy farmers ahead at Brownfield Ag News.
