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Economist offers an outlook on milk prices, exports

An economist says dairy prices have been mostly steady with increased cheese production thanks to consumer demand, but that might change. 

Tanner Ehmke with CoBank tells Brownfield cheese production is up and the ability to make more cheese is coming online soon. “It doesn’t stop. We’re going to see more capacity added. Next spring, there are more plans for capacity to be added. Throughout 2023, 24, and 25 going forward, that is clearly a theme that remains intact.”

Ehmke says, for now, the consumer is there to take cheese, butter, and other dairy products both domestically and on the export market, but once new processing plants go online, it will take a while for production and consumption to balance out.

Economist offers an outlook on milk prices, exports