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Dairy Report: Will Milk Prices Rapidly Improve?

Updated: Sep 6, 2023



Dairy industry leaders say there are some hopeful signs right now that the milk price situation may improve.


The National Milk Producers Federation in its monthly dairy market report saying that last month, retail prices of milk, cheese and butter were all lower than a year ago. Leaders saying with that dairy futures are signaling milk prices will rapidly improve for the remaining months of this year.


They expect Dairy Margin Coverage (DMC) margins to improve as well, increasing August through October, reaching $9.50 per cwt. by December. The USDA has raised its 2024 average milk price forecast to $19.35 per cwt.


By AGDAY TV

August 30, 2023

dairyherd.com


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