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The retail meat industry sold 500 million more packages in 2024 than they did in 2023. Of that 500 million-package growth, 62% was driven by millennials.
Manufacturers appear to have ample supply, leading them to the spot market to offload inventory.
Income tax law will change this year, and it will be dramatic. Though the crystal ball right now is fairly cloudy as to the final provisions, the changes will likely be beneficial for most farmers.
By focusing on these metrics and strategic areas, dairy producers can not only survive but potentially thrive in a challenging economic climate.
Dairy markets do not seem too concerned about U.S. milk production growing at its fastest pace in two years.
With tariffs and trade in focus again, a recent AgWeb poll asked farmers if they support President Donald Trump’s use of tariffs as a negotiating strategy.