Historically low cattle numbers are also impacting dairy

The USDA’s latest cattle inventory report revealed the smallest cattle herd since 1951.

While that could lead to higher prices for beef producers, Total Farm Marketing shares what it means for dairy farmers.

“In theory, if you look at the dairy industry and see that the shift over the last several years has been to more dairy-beef production, yes, that’s good for dairy producers. But does it take cows out of the production cycle to get that kind of reduced herd to push prices higher? That’s the million-dollar question. And so, you’re still dealing with an industry that continues to consolidate. You see smaller farmers moving more to the wayside. That’s just the nature of it right now,” said Bryan Doherty.

Bryan Doherty says two things need to happen to get milk prices higher.

“We need demand to cycle in in a bigger way than it has been or the market has to actually see or at least perceive that the cow numbers are taking an appreciable drop. I’m not talking 10 or 20,000 cows from report to report, I’m talking about an appreciable drop of one or two percent. That we haven’t seen on the cow side.”

This comes as dairy producers are facing significant headwinds including the Chinese economy and consumer debt in the U.S..

Agriculture Shows
From soil to harvest. Top Crop is an all-new series about four of the best farmers in the world—Dan Luepkes, of Oregan, Illinois; Cory Atley, of Cedarville, Ohio; Shelby Fite, of Jackson Center, Ohio; Russell Hedrick, of Hickory, North Carolina—reveals what it takes for them to make a profitable crop. It all starts with good soil, patience, and a strong planter setup.
Champions of Rural America is a half-hour dive into the legislative priorities for Rural America. Join us as we interview members of the Congressional Western Caucus to learn about efforts in Washington to preserve agriculture and tackles the most important topics in the ag industry on Champions of Rural America!
Farm Traveler is for people who want to connect with their food and those who grow it. Thanks to direct-to-consumer businesses, agritourism, and social media, it’s now easier than ever to learn how our food is made and support local farmers. Here on the Farm Traveler, we want to connect you with businesses offering direct-to-consumer products you can try at home, agritourism sites you can visit with your family, and exciting new technologies that are changing how your food is being grown.
Featuring members of Congress, federal and state officials, ag and food leaders, farmers, and roundtable panelists for debates and discussions.
Host Ben Bailey hops in the tractor cab, giving farmers 10 minutes to answer as many questions and grab as much cash as they can for their local FFA chapter.