The year-to-year comparison shows a major drop in milk prices in the US

Published 2021년 3월 4일

Tridge summary

Milk prices in the US saw a decrease in January, with Wisconsin's all milk price dropping to $17.50 per hundred, a 60-cent decrease from December and $1.90 lower than the previous year. This trend was observed in 23 of the top 24 milk-producing states, with Florida experiencing the largest drop. On the other hand, prices for commodities such as corn, soybeans, and oats increased, while hay prices decreased. USDA economists forecast a food price inflation of 2-3% for the year. The ethanol industry report for the end of the year shows a 9% decrease in exports in 2020, with Canada, Brazil, and India being the top buyers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Milk prices continued their slide in January. In Wisconsin the all milk price for the month was $17.50 a hundred—60 cents less than December and $1.90 lower than last January. The national all milk price also came in at $17.50 for the month as 23 of the top 24 milk producing states all had lower prices in January with Florida having the biggest drop in price—down $4 a hundred. New Mexico had the lowest price in January–$15.20. Prices for other commodities produced by Wisconsin farmers were mixed in January. The corn price was up to $4.12 a bushel—32 cents higher than in December and 46 cents more than last January. Soybeans brought $10.60 a bushel—up a half dollar from December and $1.97 more than a year ago. The January oat price was $4.07 a bushel–$1.29 more than December and $1.10 more than January, 2020. But hay prices were down as the all hay price was $153 a ton in January—down $14 from the end of last year and $33 less than last January. Alfalfa hay brought $161 a ton –$17 ...
Source: eDairyNews

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