South Dakota, Kansas, Michigan and Colorado continue their rapid milk expansion, while California drops for the fifth straight month from year-earlier levels.
Market analysts aren’t certain, but, says one, “If the rally can continue for a bit longer, some contracts in the second half of 2015 could work up toward the $18.00 level.”
Can a proposed Federal Order overcome California’s worsening drought, rising costs and the lure of profitable nut crops? Drought, rising costs and competition from nut crops all cloud California’s dairy future.