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Bank sees a short dairy downturn

Fri, 12/19/2014

Milk price decline in 2015 should begin recovering late in the year.

by Dennis Halladay, Hoard’s Dairyman Western Editor

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Strong production by most major dairy exporting nations during the second half of 2014 collided with weakening economies in much of the world to swamp global markets, cut demand, and trigger the rapid decline in milk price that U.S. dairies are seeing now.

It’s a situation that Rabobank expects to continue in the first half of 2015 but then turn around. Its Dairy Quarterly report released two days ago forecast lower production and falling market inventories during the second half of the year that should encourage prices to rise. Read more

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