There is a new Information Letter Which looks at Concentrated Animal Feeding Operations Permits on Public Notice ‐ Dairy Cattle (CAFOs). The purpose of this is to provide a new leading indicator for future growth of milk supply in the United States.
Gentle rains today in Wisconsin--good for the crops but there are still clouds on the horizon for milk prices... At least in the short term. Bob is prepared to be modestly optimistic about 2019, but trade discussions are certainly rattling dairy markets. The outlook video is about 11 minutes long and you can access it here or from the Podcast section of the web site.
The daily update to our MPP decision tool was lost when the website that we were pulling data from was shut down. We apologize for the inconvenience, but we are now getting the data from another source. The MPP decision tool will again be updated daily. You can access the tool here. You can see that with the deterioration in milk price forecasts, the tool is currently expecting margin payments at the $8.00 coverage level through September of this year.
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