Milk-production increase outstripping supply gains, NMPF’s Vitaliano says

NMPF

NMPF

Milk production is increasing faster than demand is recovering, making 2021 a challenging year for dairy farmers, said Peter Vitaliano, NMPF’s chief economist, in an NMPF podcast released today.

“On balance, things are improving a little bit” in dairy demand, “but they’re still falling short of the milk production rate of increase,” Vitaliano said. Still, bright spots remain for the medium- and longer-term dairy outlook. Demand for U.S. dairy exports is at record levels, and demand for dairy away from home should increase as the COVID-19 pandemic fades, he said.

The full podcast is here. You can also find this and other NMPF podcasts on Apple PodcastsSpotify,  SoundCloud and iHeart RadioBroadcast outlets may use the MP3 file. Please attribute information to NMPF.

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