Top Story | Markets
USDA Lowers U.S. Cow Herd, Largest Reduction Since 2015
For the third time this year, the USDA lowered its estimation of the U.S. cow herd. It now stands at 9.396 million head.
With punitive tariffs in place by Mexico and China, U.S. products are now at a distinct disadvantage.
July milk production was only up 0.45% from the previous month, according to Monday’s milk production report from USDA.
$40 million settlement ends 9 years of litigation
Tom Vilsack, CEO of the U.S. Dairy Export Council and former U.S. Secretary of Agriculture was on CNBC’s SquakBox discussing trade this week, check it out.
South Carolina ruling brings WOTUS back in the 26 states that do not have a legal stay in place blocking WOTUS.
The plan is to begin making cheese by February 2019.
Countries wait for Canada to get involved before negotiating dairy deals.
While dairy markets are no stranger to volatility, the trade tensions could increase the magnitude of volatility milk markets are currently seeing.