“Partly driving the decline is the brighter economic outlook for dairy in 2020.” --Michael Nepveux, Farm Bureau

Dropping land values in some areas could put the brakes on dairy expansions.

Just days after the U.S. and China signed the Phase One agreement, agricultural groups, traders and producers are still trying to sink their teeth into the scope of the trade deal.

The dairy complex caught another bounce on Thursday.

The Senate overwhelmingly approved a new North American trade agreement Thursday that rewrites the rules of trade with Canada and Mexico and gives President Donald Trump a major policy win before senators turn their full attention to his…

Industry officials say Phase One is a good start, much more needs to be done.

A phase one trade deal with China is official, clearing the way for America’s chief trade competitor to purchase $80 billion worth of U.S. agricultural goods over the next two years.

The loss of sales to China between January and November 2019 is equal to about 1.3% of total U.S. milk solids.

Once the deal passes the Senate, it will be Canada’s turn to ratify the agreement. 

Class III milk futures were mixed but with little change. 2020 months ranged from 4 lower to 5 cents higher.