So, Doc, what are some of the biggest takeaways from the latest USDA reports that maybe the dairy producers should be paying attention to?

Yeah, I think the biggest takeaway from the September Wall Street report is that we can see a feed cost inflation for sure.

And the projected corn farm price is $4.8 per bushel for corn, and it was $4.15 last month.

And also for soybean, we see the projected farm prices will be $12 per bushel in September and compared to last month is $10.50. And both of the corn and soybean prices inflated about 15%.

And also, if you look at the soybean meal, which is up about $5 per short-term in 2025, 2026 year, and it's up about $30 per short-term for the 2026 and 2027, so that dairy producers definitely face a higher production cost.

And also, we see from the WASDE report that all milk prices almost unchanged for the 2026 and 2027. and these prices are lower than the 2024 or 2025.

So that given the prices are fixed on change and have a higher production cost, I think farm profitability may be a concern this year for dairy producers.

So as we wrap up here and looking ahead to 2027, do you have any market signals you'll be watching closely as we near 2027?