A steady climb in milk prices coupled with continued low feed costs are fueling a prediction by a UW ag economist that 2017 should be a strong year for dairy farmers.
Prices could rise as much as $2 per 100 pounds of milk (11.6 gallons) higher in 2017 than in 2016, according to Mark Stephenson, director of the UW-Madison Center for Dairy Profitability. He based his prediction on strong sales domestically, improving export numbers and an increase in production nationally as production stagnates everywhere else in the world.
“We fully expect these prices to be recovering, not as much in as explosive a way like what happened in 2014 but in a fairly steady, upward march all the way through 2017,” Stephenson said.
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