Ag economist says inflation could be contributing to tighter margins

An ag economist says production cost increases could be contributing to tighter margins for farmers. Michael Langemeier with Purdue University’s Center for Commercial Agriculture says the 2.5% drop in inflation over the past year hasn’t helped farmers with increasing input prices. “There does tend to be more volatility in input prices than there is in general inflation. […]

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Cash dairy higher except cheese Tuesday

Cash dairy prices were  higher except for cheese Tuesday at the Chicago Mercantile Exchange.     Dry whey was up $0.0050 at $0.7075.  One sale was recorded at that price.  Forty-pound cheese blocks were unchanged at $1.6525.  No sales were recorded.