Saturday, November 6, 2010
(click on image to enlarge)
Since we live in a global economy (like it or not), the relative value of the U.S. dollar is important to dairy farmers.
On the one hand, imports of most dairy products will be curbed. But, exports of grains, particularly soy and corn, will be driven by a low U.S. dollar. So, don't count on cheap grain anytime in the near future.