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Lower prices may eventually stimulate exports. However, the current market struggles to find a bottom as supply exceeds demand.
Despite faltering milk prices and an uptick in dairy cow culling nationwide, Holstein springer values stayed relatively steady from May to June 2023.
Producers feel exhausted dealing with the highs and lows of the industry. Add in the current state of the dairy economy with low milk prices, and it’s not too surprising that mental health is also impacting producers.
Cheese found some life the day after the second biggest volume day of Barrels traded on the CME.
One by one poor-performing cows are exiting herds as lackluster milk price makes it easier for producers to cull cows. The big question remains - have we culled enough cows to boost milk price?