But it is going to cost more. The USDA forecasts less milk in 2017 but a growing supply through the year 2024 along with steadily increasing prices. Its economic assumptions include moderate growth in GDP and inflation, and low unemployment.
USDA lowers its milk production forecast for 2017 as slower growth in cow numbers more than offsets slightly higher growth in milk per cow.
December 9, 2016
Today’s monthly update of the World Agricultural Supply and Demand Estimates Report released today by the USDA sees higher milk prices and lower milk production. The export outlook is mixed.
The national dairy checkoff is in a partnership with Yum! Brands (the parent company of KFC, Pizza Hut and Taco Bell) to grow U.S. dairy sales in Asia Pacific, Latin America and the Caribbean.
As we wrote about in our State of the Industry report last month, consumers love their cheese and are eating more of it, but prefer all-natural varieties.
Dairy processors need to keep an eye on their clean label and clear label practices. These are global trends, according to Innova Market Insights, a research firm based in Arnhem, The Netherlands.