Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Milk the Latest Victim of Midwest Drought

Details

  • Description

    FBN's Jeff Flock on how the Midwest drought is driving up milk prices.

  • Duration 3:04
  • Date

Clips

Also in this playlist...

Markets Now

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Washington and one of the things people are talking a lot about without as more than just being hot summer is they won't talk of summer now it's it's hotter than it always.

But it never -- and the drought in the midwest is been an issue.

Certainly for commodity prices and for other things but milk is now the latest victim.

Jeff Flock always knows how to.

I came in say that's a sector that's no good good store -- come on wrote that job -- -- hurt you he's at a dairy farm in hand and the and a debt.

I didn't write that now -- -- That the yeah we're looking at all of the impacts of the drought and one up here that there -- at the Troxel family with me here have run a dairy farm Tom's been in the business always life.

I am looking at feed right here I've been a lot of dairy farm's cows are always over -- this is good food you've got -- here why are they not -- Well I think there are little warm.

There right they just don't eat when it's too -- It's too hot for them and well there's other areas here on the farm where it's cooler and they will eat there that when it's -- deal like to be in the -- just like we -- and as a result of this when you don't get.

Cows eating you see him over there they're just -- in initiated walk in the rear -- wanna guys who follow me because I wanna go and show which are -- to keep these cows cool.

You don't get as much milk production and that's why milk futures have been taken up let's take a look at we can at the -- at the three month no chart.

You guys were in serious depression of prices for the last -- year or so but now -- currency price rise.

That's correct.

Right now because we're seeing milk quantity of milk is tightening.

But if you normally read about 9000 pounds in any year ever in a weakened value -- that.

9000 pounds a day is limited today and everyday we produce about 9000 and it's underage excellent now -- and -- take a look at what's happening here cool these cows.

There are big fans that are running.

And also time you got to brush their what the -- is that.

Van van is.

And it's entertainment for the gallons is that it was a pleasure.

Network grooming grooming and it in and that helps to clean them and that helps it.

Cool and is well.

And see they stand in line for that.

I thank him in the -- like that I'd rather be in line -- Thirty go -- we get away quickly -- land used grow your own -- you don't sell any corn.

You grow -- -- for the cows but you gotta buy corn in this market if we take a look at the corn chart.

-- -- -- I don't wanna think about that if we have enough -- deaths there would be huge that we don't have to buy if we have to -- Well it it would almost -- impossible for us to -- -- profitable is there's no way we would lose money and.

This drought shows no signs away and it doesn't.

-- and Tom Troxel here on the form on the dairy farm I still like that brush.

I've never seen that before but it's funny because -- of may be -- one in the garage he had taken as woman got her apartment so.

This it's fun it's the only other place that we've seen so far.

Now how would you know -- exchange where he's at my apartment yeah thank you very much you know life.

I gotta get back.

Load More