Dairy Week In Review

The All-milk price fell to $20.70 per hundredweight, according to the USDA Ag Prices report, down 40 cents from March and $6.30 below year-ago levels. This is the lowest All-milk price since  October 2021. Corn prices were announced at $6.70 per bushel, up 3 cents from last month but down 37 cents from a year ago. Soybean prices were at $14.90 per bushel, flat from March but down 90 cents from a year ago. Alfalfa hay prices were announced at $287 per ton in April, up $20 from March and $30 from a year ago. The expected margin under the USDA Dairy Margin Coverage program based on these prices is $5.84 per cwt., down 24 cents from April and the lowest since August 2021. Read More