David Maloni, ArrowStream commodity expert, noted this week that July domestic milk production was nothing to get excited about as it was flat with the prior year.
"The milk cow herd continued to decline, falling by a whopping 9,000 head making it the smallest since the spring of 2015," said Maloni. "Nonetheless, milk farmer margins are good and year-over-year milk output expansion is expected as early as this fall. This along with slack export demand should eventually weigh on U.S. dairy prices."
ArrowStream's Commodity Intelligence solutions include various reports on over 200 commodities, forecasts and price benchmarking dashboards.
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