U.S. farms

Dairy Markets seemed to have found a floor, for now. www.dairyherd.com reports, on the CME Spot auction, Block Cheese went down $0.02, settling out at $1.64 ¼ with 9 lots traded.

Freight prices have dropped to lows not seen since June 2020, according to a recent analysis by U.S. Wheat Associates.

Data from USDA’s Economic Research Service shows the number of U.S. farms continues a slow decline. After peaking at 6.8 million farms in 1935, the number of farms and ranches fell sharply through the early 1970s.