June 30, 2023: June

The Year-over-year (YOY) growth in the U.S. herd size and milk per cow continues to increase total milk production across the country. Ample domestic milk supply along with increased international competition from the European Union are driving milk prices down. With drought conditions across a large part of the U.S. and geo-political issues in other parts of the world causing uncertainty in feed commodity markets, the additive effect of lower milk price and high feed costs are squeezing margins significantly. Read More