It’s been a long time since we have been able to see the dairy sector really enjoy some highs. Producers have been dealing with low prices and uncertainty for quite a while. Lately, that trend has been reversed. Milk and cheese prices have enjoyed upward momentum and are going to ride that wave as long as they are able to.
Ryan Yonkman is Vice President of Producer Services for Ever.Ag, and he talks about what has been supporting the dairy numbers right now.
Low supplies are pushing hard against an increasing demand. That is the perfect storm for higher prices.
What’s making this interesting is that demand hasn’t been anything to write home about in the past year. However, it is doing just enough to drive the prices higher for dairy producers.
The U.S. dairy industry is enjoying a situation that continues to bode well for our producers. The global marketplace is just hot for dairy right now.
