Last year was one that will stick out in dairy producers’ minds, but not in a positive way in terms of milk prices and income over feed costs. Although current milk prices may make us question what this year will bring, perhaps there are brighter days ahead.
“We are starting to see the adjustments taking place that will make for a better 2024 in a lot of different ways,” said Chuck Nicholson, an associate professor at the University of Wisconsin-Madison. He gave a dairy industry update at the recent Agricultural Outlook Forum.
Nicholson said one factor influencing change is that the number of milk cows in the top 24 producing states is trending downward. “This is part of that long-term adjustment process,” he noted.
Abby Bauer
Feb. 8, 2024
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