Economist doesn’t expect much improvement in ’24 dairy prices

Economist doesn’t expect much improvement in ’24 dairy prices

An agricultural economist says he’s expecting another tough year for dairy producers in 2024.

Leonard Polzin with the University of Wisconsin tells 2023 needed more consumer demand to lift prices, and he expects the first quarter of the new year to be challenging. “We’re coming into a seasonal slump, so as we look to January, February, historically those prices are generally less, especially coming off of the proverbial holiday hangover where everybody has already had all of their cheese and butter from Thanksgiving and Christmas.”

Polzin says he will be watching first quarter numbers closely.