January 31, 2020: January

January has been an active month for the dairy industry. The new U.S.-Japan trade agreement started on January 1st. Barring something unforeseen, the President will have signed the USMCA trade agreement by the time this article reaches you. Phase 1 of the new U.S.-China trade deal, which promises increased purchases of U.S. agricultural products, was also signed by the U.S. and
Chinese Administrations. Domestic demand is relatively strong, and production is still growing at a rate slower than recent history. Initial numbers reported by the USDA show 2019 production was just 0.3% higher than 2018. Read More