Got Milk? Too much of it, say U.S. dairy farmers
U.S. dairy farmers’ big bet on global demand for milk is souring.
The industry was in trouble long before a trade squabble with Canada last month that reduced demand for ultrafiltered milk, a cheese ingredient. Dairy farmers fear a spat that has jeopardized roughly $150 million in sales for Wisconsin, New York and Minnesota producers is just a prelude to disruptions to come if President Donald Trump renegotiates the North American Free Trade Agreement as promised.
“There was a perfect storm,” said Jaime Castaneda, senior vice president of trade policy at the National Milk Producers Federation………