While the market outlook for U.S. dairy prices looks promising, American Farm Bureau Chief Economist Roger Cryan says higher milk prices won’t look as good as they have in the past, as rising costs and difficulties in processing and marketing continue through the new year.
He credits the pandemic-driven market forces in 2020 and 2021, evolving product demand, supply chain challenges and the unknowns of COVID as affecting dairy farm profitability in 2022.