Despite near record heat, dew points and humidity are still low.
Prices will get there if production stays steady and exports continue strong,
Average per-cow return was $200 in 2016
USDA’s Economic Research Service (ERS) cost of production estimate put April operating costs at $13.33 per cwt, up 22 cents over March and 29 cents over February. The average for the first four months of 2017 is $13.16.
Despite signs of recovery from devastating 2016
But domestic production, competition will cut into market share
Provide direction for your team to navigate stressful situations
Processors shuffle supply as production continues to grow
Stronger world markets and better non-milk income sources positively impact margins