While the calendar flipped to 2024 weeks ago, there has been little change in dairy market sentiment since the beginning of this year. Globally, the industry continues to walk a tightrope of limited ‘new’ milk.
At the farmgate, recent milk checks have been downright ugly for many producers across the U.S., with revenues well below production costs in a challenging year. But what’s ahead for the remainder of 2023?
As the calendar moves past the spring milk production peak, dairy farmer’s attention remains laser-focused on the milk price and overall margin outlook throughout the remainder of this year.