Latest News From Michelle Rook

Manure used to be viewed as a nuisance that had to be dealt with. Now, as fertilizer prices head north, it's viewed as a regenerative way to cut costs while replenishing needed nutrients.

After hitting a record high for Class III fluid milk in April 2022 at nearly $26, spot month milk futures have plunged to new contract lows, hitting $14.92 per hundred weight on June 16. 

Inflation is moderating, but still well above the Federal Reserve’s 2% inflation goals.  So, farmers are bracing for higher interest rates ahead.

The midterm elections are critical for agriculture because whichever party controls the House and Senate will trickle down to the leadership of the ag and budget committees as they write a new farm bill. 

Will the dairy industry see an overhaul of the Federal Milk Marketing Orders?

USDA's latest milk production report was friendly and could support milk prices in the near term.