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Class III milk prices moved slightly lower on the day with May down 23 cents to $18.95/cwt.
In November Washington dairy farmers were required to begin paying overtime to any of their employees who work more than a 40-hour workweek. The state of Washington has the highest minimum wage in the country at $13.69.
Land O’Lakes reports their earnings have tripled during the first three months of the year, with company leaders saying the reopening of businesses is lifting the demand for dairy products
Dairy beef makes up approximately 20% of the fed cattle market.
As the U.S. and the rest of the globe work towards getting back to the old normal, we are seeing demand for food increase.
Mitzie Blanchard of Blanchard Family Dairy shares the changes she has made to her dairy’s management due increasing feed costs.