We all know now the CWT results for the current program. 103,000 +/- cows and 1,000 heifers. Around 1% of the national herd being removed, not enough cows!
Depending on the money spent on these cows (I'm guessing $92,700,000) that leaves $107,300,000 left for the next bid period. At $900/cow that would remove 119,222 more cows.
This would take care of the $200,000,000 secured for CWT buyout bids earlier this year. Not enough cows to help "bounce back" the milk price. Sadly, it means some more dairymen & women will have to get out of the dairy business. As I have said before, we all need to reduce our herds by 5% to get our milk price back up to break even and maybe make a little profit.
97 degrees and 13% humidity in southern NM, Dona Ana County.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment