America Is Drowning in Milk Nobody Wants
A decade ago, Greek yogurt was ascendant in America. In New York state, the hope among farmers and politicians was that their fortunes would benefit as well.
The amount of milk dumped by farmers in the U.S. Northeast reached almost 145 million pounds through July, including 23.6 million pounds that month alone. Dairy cooperatives will likely be forced to heavily discount milk prices in the coming months as a result, going below the current futures price for benchmark Class III milk, which goes into making cheese, and is currently under $16 per 100 pounds—a price that has farmers treading water, said Dave Kurzawski, a Chicago-based broker at INTL FCStone.
To see the full article, read America Is Drowning in Milk Nobody Wants from our sister publication, Farm Journal's Milk.
