A dairy analyst says inflationary pressures are limiting producer profits and expansions even as prices have improved somewhat.

Ben Laine with Rabobank tells Brownfield costs remain high for feed, labor, energy, and much more on farms.

“Right now we’re seeing milk prices come up, that’s certainly a welcomed change, but it’s not without some pressure still on the cost side,” he says.

He says milk powder prices globally are rising to levels not seen since 2014 as U.S.

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