date:Nov 04, 2015
Even though milk prices are at or just above break-even cost of production levels this fall, global supply-demand conditions will likely improve by next summer.
Thats according to Tim Hunt, an economist and global dairy strategist with Rabobank. Hunt was the headline speaker at Dairy Todays Elite Producer Business conference here in Las Vegas Monday.
The 2015 global market crash has depressed U.S. exports and pushed down producer returns, he says. And if U.S. butterfat premiums erode in coming