date:Aug 01, 2012
ducts such as cheese and butter have started to climb, indicating the market is starting to account for the historically high feed costs facing the dairy industry.
The scenario gets more complicated if the drought stays for the next two or three months, he said. If that happens, continued high feed prices may translate into outright shortages for dairy farmers, who will then accelerate the culling of herds they cannot afford to feed.
June 2012 production of milk rose 1% to 15,543 million lbs,