Friday, August 7, 2009
(click to enlarge)
Good news! Cheese and NFDM prices are rising.
There are at least two important questions. One, will prices reach the necessary level? And, two, will the price level be sustained for a long enough period to convince bankers they can once again loan money to dairy farmers?
Well, maybe there are more. Will dairy farm expenses rise at the same rate, canceling out the increased farm milk check (see graphs)?
The batteries are shot on all crystal balls.