Markets & Management

May has been a busy month for the U,S. dairy industry. We have seen improvement in Class III and IV futures prices. Significant progress has also been made in trade, with the U.S. lifting aluminum and steel tariffs and the subsequent lifting of Mexico’s and Canada’s countermeasures. This will allow dairy trade to resume at pre-tariff NAFTA rules. The…

Trade policy, tariffs and retaliatory tariffs have been a hot topic at dairy industry meetings I have attended in recent months. Last year, exports reached a record volume at nearly 16% of national milk production on a total milk solids basis. However, this has been overshadowed by a U.S. dairy industry that has been struggling…