According to the USDA, the domestic demand for dairy has reached a 56-year high. At the same time, farm labor wages are also trending upwards. AgDay’s Betsy Jibben explains more in this week’s Dairy Report.
Farmers across the country are being asked to dump their milk, as food service demand crumbled rapidly due to COVID-19. Still, farmers are frustrated that consumers can't buy as much milk as they want right now.
Wisconsin has seen 449 dairy farms exit the business, a loss of 6% so far this year. Meanwhile, 10,000 dairy operations across the country could begin to see their Dairy Margin Coverage payments arriving in the mail.
The United States Department of Agriculture (USDA) is not changing its price forecast for all-milk. In the November WASDE report, USDA is leaving the 2020 all-milk price forecast the same at $18.85 per cwt.