Forecasting the future of the U.S. dairy industry has always been a difficult task due in part to the inelastic nature of the demand for dairy products
“I think this is a fragile high,” cautioned dairy economist Mark Stephenson. We know that milk prices already live on a knife’s edge, and the pandemic has heightened that uncertainty
Class III milk, not Class I, likely will be the price leader in June milk checks. That’s a rare occurrence as Class I beverage milk is typically the market leader
What do you think is most responsible for current milk prices?• Reduced milk supply• Restaurant orders and filling up food pipelines• USDA Farmers to Families Food Box program
As milk prices drop dramatically and the nationwide coronavirus crisis disrupts workforces and buying patterns, dairy has responded with a coordinated response
“Well, that escalated quickly.” It seems to be the appropriate phrase to describe the last two weeks. What looked like would only be a slight interruption, has brought the global community...
The U.S. is the third largest exporter of dairy products after the European Union and New Zealand. There is always interest in how we compare our milk prices to another country
While we are not at $20 milk quite yet, a boost of over a buck is a step in the right direction. Mark Stephenson gave his predictions for the upcoming year in “The dairy situation and outlook for...
Mark Stephenson, director of dairy policy analysis at the University of Wisconsin, presented “The dairy situation and outlook for 2020” on Monday, January 13, at noon (Central time)
Record milk prices from 2014 have been forgotten and have given way to the serious financial straits many dairy producers have found themselves in these days
Mailbox milk prices for U.S. dairy farmers fell to the lowest levels in a decade with a $15.72 payout in 2018. That was down $1.59 from just one year earlier
Price data from the Bureau of Labor Statistics reveals that the U.S. retail average price for a gallon of whole milk was below $3 for every month of 2018