{"id":40604,"date":"2023-01-29T11:23:00","date_gmt":"2023-01-29T17:23:00","guid":{"rendered":"https:\/\/www.midwestfarmreport.com\/?p=40604"},"modified":"2023-01-27T11:47:57","modified_gmt":"2023-01-27T17:47:57","slug":"more-milk-unknown-demand","status":"publish","type":"post","link":"https:\/\/www.midwestfarmreport.com\/2023\/01\/29\/more-milk-unknown-demand\/","title":{"rendered":"More Milk, Unknown Demand"},"content":{"rendered":"\n

There\u2019s more milk on the world market as milk production grows in the U.S. and in the European Union and New Zealand, according to dairy economist Mark Stephenson. Meanwhile, demand for that dairy remains a question in 2023 because of the possibility of a recession. <\/p>\n\n\n\n

Stephenson, former director of the Center for Dairy Profitability, has been enjoying retirement since November. He recently took some time to present the 2023 dairy outlook at the Renk Agribusiness Institute’s Outlook Forum and with Mid-West Farm Report. <\/p>\n\n\n\n

In addition to painting the supply and demand picture for global and domestic dairy, Stephenson says he’s skeptical about milk prices in 2023, noting that the market could be $4.50 to $5.50 lower this year.<\/p>\n\n\n\n