More Milk Price Pain Ahead
Farmers across the country have been operating below the cost of production for quite some time. Unfortunately, the pain is likely to continue, according University of Wisconsin’s Bob Cropp. He says Class III milk prices are on their way to levels not seen since the 2009 dairy crisis. Cropp is forecasting the May Class III price to be $12.75/cwt. In 2015 the May Class III price was $16.00/cwt. Cropp says exports aren’t currently significant enough to make up for the increasing supplies.
To learn more, watch the video from “AgDay” TV below.