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Friday’s Milk Production report, which showed there was more milk in August than expected, had a bearish effect on spot blocks and butter.
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Understanding the economics of management practice adoption can make it easier to make adoption decisions.
The latest USDA Milk Production report for August illustrated an increase of 0.1% from the year prior. Despite this slight uptick, the dairy industry landscape presents a mixed bag as we move into September.
August milk production was down less-than expected, slipping 0.1% year-over-year.
Spot butter dropped below the $3-per-pound mark for the first time since May.