Dairy Week In Review

The all-milk price for July was announced at $26.90 per cwt, according to the latest USDA Ag Prices report. That’s flat from June’s all-milk price and about 50 cents below May’s high. Feed prices  though were higher in July, with corn and soybean prices both increasing from last month. Preliminary calculations have this month’s DMC Margin at $9.92 per cwt., just above the $9.50  threshold for a payment. Based on current futures prices, the DMC decision tool is projecting the margin to fall below $9.50 for the months of August through October of this year, with higher feed costs and lower milk prices projected to collide. Read More