By Tim Kowols
Farmers are being reminded to keep an eye on their expenses in 2018 as another year of low milk prices is expected. According to Dairy Herd Management, the United States Department of Agriculture has lowered its milk price projection for 2018 by 80 cents down to $15.80 per hundredweight as oversupply continues its effect on farmers’ pocketbooks. Kewaunee County UW-Extension Agriculture Educator Aerica Bjurstrom says one thing helping farms is other costs associated with milk production are also down.
Class III Milk Futures was at just over $13 a hundred weight on Monday down from a 2014 high of over $24.