Milk prices are rising in the US. Prices have climbed to nearly the 2011 highs.
Why the price increase?
Some of the higher prices stem from higher feed prices and smaller herds.
But another important trend is that China is now the world's largest dairy importer and its buying is affecting US milk prices. Dairy prices could continue to rise in 2014 as Chinese imports more.
Who benefits? Dairy farmers in California are the biggest immediate beneficiaries. They have been squeezed by high cattle feed prices due to drought conditions over the past year.
No comments:
Post a Comment