McLean County Farm Bureau

VALUE OF U.S. DAIRY EXPORTS GROWS DESPITE TRADE ISSUES –

There appears to be light at the end of the tunnel for U.S. dairy farmers who’ve absorbed a multiyear run of poor margins. Higher domestic dairy consumption and increased export values drove a slight uptick in USDA’s latest dairy price forecast. It pegged the all-milk price forecast for 2019 at $18.30 per hundredweight, up a dime from the previous projection. This despite a 16% decline in U.S. dairy sales to China so far this year compared to a year ago due to the ongoing tariff war. (FarmWeekNow)