Big questions remain.
As mentioned in the last post milk is drying up in the West. Milk is also drying up in the East. Nevertheless, NFDM was sold to the CCC not once but, twice this week.
Who sold the powder? According to the USDA,California Dairies, Inc., a co-op sold the most, a total of 1,287,879 pounds early in the week.
Then LOL, a co-op, sold 704,962 pounds later in the week.
How many reasons can there be for selling NFDM –now- to the CCC? I can only think of two. One is they are desperate for cash, in which case there is cause for worry. The second reason is the two co-ops want to drive down the price of farm milk – in which case there is cause to worry.