Processors across the country are scaling back or getting rid of their quality premium structures.
Annual cow slaughter is also up more than 100,000 head.
Growing production and strapped processing capacity are biggest challenges moving forward.
New rules must now go to Governor and Legislature for approval.
2017 milk production up 1.4, topping 215 billion lb.
In 2017, as the U.S. pulled out of the Trans-Pacific Partnership (TPP) and demanded NAFTA renegotiation, our trade partners became weary and started to look outside of the U.S. for their agricultural commodity imports.
Global supply and demand will determine how fast U.S. milk prices rebound
Let’s get away from the fundamentals of the markets and talk the nuts and bolts of options
Class III and Class IV milk prices both moved higher on Monday.
Collaboration, innovation and change will mark the path ahead for the dairy industry.
They cite projected milk prices that could fall below $13/cwt over the next few months.