Mark Stephenson, Director of Dairy Policy Analysis at the University of Wisconsin-Madison, and Bob Cropp, dairy economics professor emeritus, discuss the latest lackluster monthly Milk Production report and the anticipation of the “spring flush” in their latest podcast.
Modest growth in milk production per cow in the Midwest is part of the equation. Declining global prices may impact U.S. export totals going forward, even though supplies remain tight. 2014 milk prices should average well above 2013.
View their latest podcast at http://dairy.wisc.edu/PubPod/Podcast/Outlook/Index.html