While feed costs remain positive for dairy producers, other costs such as labor, interest, and environmental compliance have been increasing
If trade agreement torn up, U.S. cheese exports face 36% tariffs.
The insurance is designed to protect against milk price drops such as the one that occurred in 2015 and 2016.
At a rally in Phoenix, Trump commented on what he feels will be the future of NAFTA.
Milkfat demand has grown, complicating life for processors but boosting the milk price for farmers.
Inverted price relationship is the first since March.
Strong demand and slower milk growth both good signs for milk prices.
Cow numbers down 1,000 head from June, but still above 9.4 million.
Given the demand surges that typically occur in August, prices could move higher in the near term.
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