With the USDA revising cow numbers down and reporting less than a percent of milk production growth in December (against a remarkably low 2021 number), the Jacoby team came around the table to talk about what happens next in the latest episode of “The Milk Check.”
Don’s expectations for milk production point to a bearish price outlook in the near-term, with the potential for a strong price rebound in the second half of the year.
The possibility that prices may continue to drop prompts remarks on the frustrations of producers, who are facing some of the toughest barriers to profitability they’ve seen in years.
Since Don says in the latest podcast episode, “counting cows is more of an art than a science,” have a listen and let us know what you think.
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