A dairy economist says a return of food service demand and strong exports positioned dairy markets well in the second quarter.
Rabo AgriFinance’s Ben Laine tells Brownfield demand strength is needed to support the growing supply.
“We’re in a situation now where we’re still growing that milk production, we’re seeing that milk production growth continue, but we’ve lucked out so far having pretty strong demand to absorb that.”
Laine says the cow herd is the largest in more than 30 years and milk output continues to grow, putting the U.S.