With the U.S. all-milk price dropping to $14.50 per hundredweight in May, the lowest level since 2009, dairy farmers are asking for help, and as AFBF market intelligence director John Newton explained in Tuesday’s Newsline, the Agriculture Department has the authority to give them a boost.
“Right now the ball is in USDA’s court,” Newton said. “And as soon as they determine what they are going to do, we’ll be able to analyze that proposal and put together an estimate of what we think it could do to help milk prices and help farmers.”
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