Two of the world’s closest allies, the United States and Canada, couldn’t be more apart on what’s right for their dairy industries with USMCA. The Canadian dairy industry does not like the potential agreement.
According to the USDA, the domestic demand for dairy has reached a 56-year high. At the same time, farm labor wages are also trending upwards. AgDay’s Betsy Jibben explains more in this week’s Dairy Report.
Milk production is slated to be down 100 million lb. from last month in the latest World Agricultural Demand and Estimates report from USDA, while prices could be almost $2 cwt lower than last February.