Farmers across the country are being asked to dump their milk, as food service demand crumbled rapidly due to COVID-19. Still, farmers are frustrated that consumers can't buy as much milk as they want right now.
Damage to the dairy sector has increased with raw milk dumping increasing in Wisconsin and elsewhere. Pro Farmer's Jim Wiesemeyer expects USDA to announce some form of assistance for dairy producers next week.
With a large increase in corn acres, and declining ethanol demand, the U.S. could be swimming in supplies. That’s why one analyst thinks there's downside price risk with putting corn in the ground this year.
The nation’s largest domestic hunger-relief organization will be short $1.4 billion in resources over the next six months. COVID-19 related issues have led to a 30% increase to the baseline six-month operating costs.
Paul Neiffer will provide details of the small business loans under the CARES Act and Mike Florez will analyze indications that corn is showing a bottom on today's Farm Journal Live newscast at noon Central.