Coming off of the three-day weekend at the Chicago Board of Trade, we saw Class III move up all week. This morning it did soften. Ever.Ag Principal Mike North says we'll need to see a higher cheese price to continue the rally in Class III milk. It'll depend on when the government will decide to release the details on a sizable cheese purchase. That would support a rally in Class III milk. Answers on this purchase should come out today.

Also in the interview with Mid-West Farm Report Mike North says the risk in the market for U.S. dairy producers is that milk supply remains pretty much the same as production numbers remain flat AND cow numbers. He expects cow numbers to decline soon thanks to rising feed costs. He also sees the price of beef being an incentive for farmers to liquidate dairy cattle. 

In other news, he says one of the challenges that U.S. dairy is facing is slow exports due to a slow global economy. He is optimistic that it will turn around.

Coming off of the three-day weekend at the Chicago Board of Trade, we saw Class III move up all week. This morning it did soften. Ever.Ag Principal Mike North says we'll need to see a higher cheese price to continue the rally in Class III milk. It'll depend on when the government will decide to release the details on a sizable cheese purchase. That would support a rally in Class III milk. Answers on this purchase should come out today.
Also in the interview with Mid-West Farm Report Mike North says the risk in the market for U.S. dairy producers is that milk supply remains pretty much the same as production numbers remain flat AND cow numbers. He expects cow numbers to decline soon thanks to rising feed costs. He also sees the price of beef being an incentive for farmers to liquidate dairy cattle. 
In other news, he says one of the challenges that U.S. dairy is facing is slow exports due to a slow global economy. He is optimistic that it will turn around.

Join Pam Jahnke for the latest farm news. Heard daily on WOZN 96.7 FM and 1670 AM in Madison Wisconsin from 5-6am. Also heard on affiliate stations all over Wisconsin.

Join Pam Jahnke for the latest farm news. Heard daily on WOZN 96.7 FM and 1670 AM in Madison Wisconsin from 5-6am. Also heard on affiliate stations all over Wisconsin.

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