The strong dairy product prices and export volumes seen in 2022 are expected to temper next year, tightening margins for US dairy producers.
Economist Tanner Ehmke with CoBank tells Brownfield there has been gradual growth in global milk supplies in response to record high milk prices.
“You have extraordinarily high feed costs and replacement heifer costs are record high and so that’s really going to temper our ability to recover in milk production here in the US going into 2023.
