November 11, 2022: World Milk Supply Update

I am sure you have heard this phrase at some point: “We’re in a world economy now.” The dairy industry is not and will not be immune to international influence especially as the U.S. becomes more reliant on the export market to disperse surplus milk supply. Exports lessen the impact of a domestic surplus on dairy product prices, thus the farmgate milk prices that are derived from  those product prices. Currently, nearly one out of every five tanker loads of milk leaves the U.S. borders in the form of dairy products. That is 20% of the milk supply. Read More