Dairy economists are gathering in Michigan to get a pulse on the shifting dynamics in the industry.
Mark Stephenson with the University
of Wisconsin tells Brownfield attrition in the industry has trimmed the surplus
of milk in recent months and he expects relief to dairy prices before the end
of the year.
“This is a difficult and brutal way to do that, but as those come into better alignment, we can find that milk supplies actually feel tight and in some of these areas of the Upper Midwest they are.”
After several years of tight margins, he believes farmers will take advantage and keep production near current levels.
