NFDM futures retreat on heavy milk supply

After peaking in early March, global dairy prices ran into resistance, with sluggish performance over the past two and a half months. This past week’s Global Dairy Trade auction results yielded a modest decline of 0.9 percent, bringing the cumulative performance to a drop of [...]

Dairy cows swoon with July summer heat

USDA’s July milk production report showed a continued decline in the nation’s dairy herd as the 24-state dairy total fell by 9,000 head. With the spring flush now over and summer heat curbing milk output, farmers have fewer incentives to keep marginal producers within [...]