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MILK PRICES | DAIRY FARMERS ARE LIKELY TO SEE LOWER MILK PRICES IN 2023

Wisconsin farmers should expect lower milk prices in 2023 than the record prices seen in 2022, says Robert Cropp, professor emeritus with University of Wisconsin Cooperative Extension, UW-Madison.


Factors include an expected slight decline in domestic sales of milk and dairy products, more competition for dairy exports and an expected increase in milk production.


Dairy farmers received record milk prices in 2022, Cropp said. “Wisconsin’s average all-milk price was $24.43 (per hundredweight), $5.63 higher than the $18.80 average in 2021,” he said. Cropp noted the record milk prices came in a year with little increase in milk production and record dairy exports.



Published by: Damián Morais

River Valley Media Group

STEVE CAHALAN


March 22, 2023


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