The milk market’s swings are a sour reminder of boom and bust cycles that are pervasive in commodity production. High prices encourage producers to invest in expanding operations, which leads to rising production and, eventually,…
Ags
Milk Market Frothy
Dairy prices are bubbling higher, nearing a five-year high. The widely-followed Class III milk futures, which is used to make hard cheeses, recently topped 20 cents per pound for the first time since 2014. Prices…
USDA Sends Mixed Signals
On Friday, the U.S. Department of Agriculture (USDA) released its newest outlook on this year’s corn and soybean crops. The government agency projected a slightly smaller corn harvest, while holding the size of the bean…
Cattle Charge Higher
Cattle futures exploded to a six-month high this week on the heels of strong cash market demand and hope for more agricultural exports to China. Since early September, December cattle futures have risen more than…