Mike North is the President of Commodity Risk Management Group in Platteville and he says that the current dairy market situation is unlike anything he has ever witnessed. “The unfortunate news is that it could still get worse,” North explains.
“Food service was the first push back that we had in the market,” North says, “that was followed by the retail side which after the big rush and everybody making their way to the grocery store to stock up has since fallen back and quieted some.” North says that the void that needed to be filled in terms of supply was done so very quickly and now the market is “plum full and inventory is backing up.”
A lot of these processors, North states, are beginning to dump milk. “It is a sad thing to watch but it is kinda really the last outlet…it’s a perishable commodity and it has to flow through the system and now there is no flow.”
Farm Director Pam Jahnke spoke with Mike North on Thursday morning; to hear their full conversation click the play button below:
Del norland says
Why do some markets limit the amount of milk available per customer? That’s just crazy!
Pam Jahnke says
https://www.midwestfarmreport.com/2020/04/02/dfw-president-chad-vincent-breaks-down-current-dairy-situation/
HarryShadow says
Need to figure a way to get milk to our kids since noting school
Mike says
Support our dairy farmers.
Jeff Cannon says
I used to remark that if the farmers can’t make it, and the consumers are not seeing the price break, then one could asume that the middle-man is making a killing.
Then I hear Dean Foods files for bankruptcy protection. Next is Bordon. WTF? Where’s did all the money go? You’re telling me that the whole supply chain is standing there with their pockets turned insideout?
Well it wasn’t always that way, how’d we get here? Who absconded with the funds? We need examination and transparency all the way from the cow to the coffee cup.
Tom Dobler says
Amen Jeff, from a 50 year dairy farmer