Corn prices go up, dairy herds go down, milk prices may surge

Rising costs of cattle feed may signal a future spike in milk and dairy prices. According to Bloomberg, some dairy farmers are cutting their herds because corn has gotten ever more expensive; between June and September, operations across the country slashed their herds by some 85,000 head. That may not make a huge dent in milk production just yet. But analysts say that while the drops we’re already seeing may seem tiny numbers-wise, they’re actually significant—because small drops tend to be followed by bigger ones. Perhaps the scariest part of this article may be the brief butter forecast, described in one word as “limited.”

The Counter Stories by our editors.