A dairy analyst says the latest milk production report reflects a trend that’s likely to continue in the U.S. and around the globe for a while.
Ben Laine with Rabobank tells Brownfield lower milk supplies have become part of a sustained trend globally over the past few months partly because of inflationary and feed cost pressures.
“We’ve seen the herd decline, we’ve seen milk production decline—New Zealand and Oceania have been dealing with some weather—and when you put those all together it’s a pretty tight milk market right now,” he says.
