Cheese prices nosedived this past week. AgResource Company President Dan Basse says that’s due, in part, to a drop in demand as the USDA Farmers to Family Food Box program winds down. “We’re now seeing the dairy markets reflecting less demand and because we’re not seeing a big change in cow numbers, prices retreated sharply in recent days. Then, the cheese markets were down a record amount.” Basse says the government stimulus program produced a “sugar high,” but, it is not a long lasting situation. Basse says dairy farmers need to understand Class III milk prices could decline to $15 to $16 per hundredweight.
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