Milk gushed in the Midwest in May. A new Dairy Market Report of Jacoby.
“Compared to the year before, output grew 6.2% in South Dakota, 2.6% in Iowa, 2.5% in Minnesota, 2.1% in Michigan, 1.6% in Indiana, and 1.3% in Wisconsin. The region has been overwhelmed with excess since December, and producers are paying for it in the form of steep discounts on spot milk, bigger freight deductions, and – in the worst instances – dumped milk. A couple other major dairy states also reported strong growth in milk output last month, including Idaho and New York, up 3.1% and 2.1% respectively. Notably, Texas milk output inched up just 0.8%, its lightest year-over-year increase since January 2016, when winter storm Goliath pummeled milk production in the Lone Star State.”
https://en.edairynews.com/wp-content/uploads/2023/06/23-jacoby-Milk-Gushes-in-the-Midwest.pdf
