National Ag News
Dairy markets expected to stay the course
An ag economist says dairy markets aren’t expected to change much next year.
Chris Wolf with Michigan State University tells Brownfield while crop prices are expected to remain low next year, overall dairy markets aren’t too exciting either. “Contingent on what happens with feed prices and international trade, any kind of weather events which we have no way of really forecasting for the next year—but at the current time 2018 looks a lot like 2017.”
He says processing capacity in Michigan is full, and higher marketing and transportation costs along with sometimes distressed sales and dumped milk has meant dairy farmers in the state are receiving even lower milk prices than others in surrounding states.
Continue reading Dairy markets expected to stay the course at Brownfield Ag News.
