Economist encouraged by milk prices

Economist encouraged by milk prices

The Chief Economist for the National Milk Producers Federation is encouraged by milk price trends.  Peter Vitaliano says milk prices are at an eight-year high, and booming exports across a wide range of products are shoring up farmer balance sheets that struggled with volatility during the pandemic.  Vitaliano says those prices were helped by a very sharp drop-off in milk production and cow numbers since May.  He says the U.S. has gone from around four and a half percent expansion to negative growth seven months later.

    

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