May’s U.S. milk production posted a 4.6% year-over-year (YOY) increase to 19.9 bil. pounds. This was the largest YOY growth in nearly 10 years. With the release of the USDA Dairy Products report July 2, we have a full picture of what May dairy product stocks and production looked like because of a near 10-year high in YOY milk production growth. Unsurprisingly, dairy product production and stocks grew. Read More
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