Just like the current temperatures across much of the country, milk prices are also trending upward. This follows weeks of oversupply, which led to milk dumping and too many dairy cattle in the system.
Bryan Doherty, a senior market analyst with Stewart Peterson, says milk prices usually follow those summer temperatures.
“In part, because of the warm weather — certainly that has some impact,” Doherty said. “We’re going to look at our most warm stretch of the season with high humidity. And then, when you get down in the Southwest, they’ve just been cooking there for a long time. Anytime you see in a fundamental news place where you start to see headline news, usually, that’s a sign that things are finally bubbling to the surface.”
July 25, 2023 12:53 PM Alex Heider
redtv.com
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