Dairy Farming Industry and Market News
The price erosion in the CME spot product markets dropped 6 and ¼ cents to $1.50 and ½ cents following 1 trade, 1 bid and 3 offers.
After China retaliated with tariffs on $34 billion worth of U.S. goods on Friday, President Trump went a step further Monday night another 10% tariffs on $200 billion of Chinese goods.
With the exception of the stronger cattle trade on Friday, most ag related markets closed lower to finish out the week
Trading screens were full of red on Thursday as nearly all ag related markets struggled.