LIVESTOCK MARKETS: Lower cheese prices means lower milk prices again

Milk prices should improve in 2017.

The U.S. Department of Agriculture's milk production report showed August milk production to be 1.9% higher than a year ago; this is because there are 16,000 more cows, or 0.5% more, now than a year ago and 1.4% more milk per cow. July milk production was also revised upward by 1.6%.

“Despite some really low milk prices, milk cow numbers have been increasing,” University of Wisconsin-Madison professor emeritus Bob Cropp reported in his "Dairy Situation & Outlook" in June. “Sinc

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