The USDA is calling for milk production to decline this year and next with producers reducing herd sizes to improve returns.
Will Loux with the U.S. Dairy Export Council tells Brownfield a recent $2 rally in cheese prices is a likely influencer for USDA’s bullish supply and demand report.
“I think you’re likely to see USDA react to that recent price rally and the fact that that price rally gratefully has stuck around for a couple of weeks,” he says.
