The Hard Truth About Milk Prices, And Why the Cattle Market May Soften the Blow

ZISK
9 hours ago
1 min read

Milk prices are under pressure, and the people closest to the numbers say it starts with one simple reality: producers are pumping out more milk.

It’s an interesting dynamic for dairy. Milk output has surged, while dairy cow numbers are also at a 30-year high. And export demand may be at records, but weaker demand for dairy products like cheese are what’s also weighing on the market. But lower feed prices and strong beef-on-dairy demand is helping offset some of those losses for dairy producers.

During Farm Journal’s MILK Business Conference this week, Phil Plourd, head of market intelligence for Ever.Ag, Rick Naerebout, CEO of Idaho Dairymen’s Association, and Chip Nellinger, co-founder and owner of Blue Reef Agri-Marketing, dig into the what’s at play today, and what comes next, across dairy, cattle and grains.

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