Industry experts Mark Stephenson and Bob Cropp say they see optimism in price and supply for the coming months, according to the latest episode of the Dairy Markets and Policy podcast.
Cropp, professor emeritus of UW-Madison’s Department of Agricultural and Applied Economics, said cold storage reports bring both bad and good news to dairy farmers: American cheese stocks are slowly decreasing at 2% this month, but butter stocks have gone up 14% in the same timeframe. Stephenson, director of the Center for Dairy Profitability, said cheese stocks will continue to see rising price support.