Farms.com Home   News

Dairy Farmers Squeezed By Declining Milk Prices

Summer demand for ice cream and other dairy products usually contributes to higher milk prices during the summer, but this year that's not the case.

Market prices shifting upwards and downwards is a typical thing, but farmers said this situation is new and not sustainable.

In May of 2022, the price of milk was released at $25.21 per 100 pounds of milk. Now in 2023, the July price is projected at under $14 per 100 pounds.

And while there are years with highs and lows, this major decline in milk prices now comes with an oversupply of milk, and a decline in demand.

"Demand has been decreasing on a decent scale for years and years and years so as the slight increases are happening and demand is going down it becomes a wider and wider gap and eventually something has to give," said James Juedes with Pleasant View Dairy.

This come as some producers in the badger state have had to see their milk go down the drain due to an overabundance of the product, but so far, Central Wisconsin farmers haven't had to take those measures.

"Our handler, Mullins Cheese, has made a commitment to his farmers that despite anything going on he will not ask us to dump milk he will run his business at a loss if he has to in order to keep his patrons happy," said Juedes.

Click here to see more...

Trending Video

A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!

Video: A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!


The Iran/U.S. peace deal and the reopening of the Strait of Hormuz is bearish farm diesel prices and fertilizer.
A peak in crude oil = a peak in soy oil futures + a peak in canola futures short-term.
The SpaceX IPO increased Elon Musk’s net worth by $300 billion in 1 day more than what Warren Buffet made in his entire lifetime! WOW!
The NEW Fed chairman Kevin Warsch was too hawkish and hates providing guidance and visibility on interest rates. U.S. $ Index breaks above $100.
Cattle on Feed BULLISH!
S&P Global shock- the U.S. could lose 30 million corn acres by 2050. They say we need E15 mandated now!
China has started buying U.S. soybeans, but we need more volume.