This post reports a long time low in milk-feed ratio (comparing the cost of feed and the price of milk--low is BAD). [Note: a delayed post.
On Tuesday, the U.S. Department of Agriculture announced a
preliminary milk-feed ratio of 1.29 for July. That was down
significantly from June’s ratio of 1.38.
None of the milk-feed ratios on record, going back to 1985, have been this low. The lowest ratio recorded in 2009 was 1.45."