A dairy analyst says several states are now dumping an oversupply of milk because dairy plants secured more than enough product this spring at lower prices and other issues have caused disruptions.
Lucas Fuess with RaboResearch tells Brownfield spot milk prices have been sharply lower and it could take several months for the supply to contract.
“We’re past the peak of that spring flush, but there’s still plenty of product available, both in the upper Midwest and broadly across the country,” he shares.
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