An ag economist says domestic demand for dairy cannot support recent production expansions which makes strong exports essential this year.
“We have 0.5 percent population growth in the United States and we have close to two percent milk supply growth—it’s going to pressure milk prices.”
Dr. Michael Swanson with Wells Fargo tells Brownfield if the industry can hold onto record exports achieved in 2020, growing supplies will find a home.
“Are we going to see Indonesia, Mexico, China and others step up for powder and cheese exports?