Global dairy demand in 2023 was weaker than expected, but there were some pockets where demand was better than forecast.

In May of 2022 I was at a conference in Germany and the question I asked everyone was, “how high do milk prices have to go to get EU milk production growing again?” 

Like a sign above the bar at my favorite watering hole that says “Free Beer Tomorrow,” I feel like economists have been telling us that “Recession Starts Tomorrow” for more than a year now.

The Economist magazine says the biggest economic story of 2023 is happening now. 

If recession is looming/already here, how will headwinds impact the dairy industry? 

The best and the worst parties share a few characteristics. They both involve a few questionable decisions and an element of surprise — and they don’t end until the authorities show up.

Pandemics are scary. Our thoughts (helped tremendously by the media) quickly go to worst-case scenarios.