American Cows Are Making Less Milk as Farmers Cut Back on Feed
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Milk output in the U.S. is on a historic weak streak, potentially signaling climbing costs for dairy products.
Production per cow was less than a year ago for a third month in a row, according to government data released Friday. The last time that happened was more than 20 years ago, said Nate Donnay, director of dairy market insight at StoneX Group.