The U.S. Dairy Export Council’s economist says he’s watching how USDA’s supply and demand report could impact feed costs.
William Loux tells Brownfield, “Because feed prices have been so high, I really want to get a sense of what USDA is expecting in terms of acreage.”
Wednesday the USDA made year to year increases for corn and soybean production with mostly lower demand expectations which could be beneficial for feed prices and drove milk prices higher.