Dairy Farming Industry and Market News
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.
Whether processors and co-ops here in the Midwest can pay more—or less--largely depends on their product mix.
CME spot product markets on Wednesday closed with little change outside of the butter market. Butter fell 3 ¾ cents to $2. 35 per pound despite no trades.
Barrel cheddar has now taken its turn leading the cheese complex higher in the CME spot session.