Nate Donnay

In May of 2022 I was at a conference in Germany and the question I asked everyone was, “how high do milk prices have to go to get EU milk production growing again?” 

Like a sign above the bar at my favorite watering hole that says “Free Beer Tomorrow,” I feel like economists have been telling us that “Recession Starts Tomorrow” for more than a year now.

The Economist magazine says the biggest economic story of 2023 is happening now. 

The future looks bright however.

If recession is looming/already here, how will headwinds impact the dairy industry? 

The best and the worst parties share a few characteristics. They both involve a few questionable decisions and an element of surprise — and they don’t end until the authorities show up.

U.S. dairy exports in 2022 will mostly continue to speed down the expressway, albeit with different drivers. First, let’s talk about how 2021 has played out because some of the trends from this year will extend into the next.

Over the past six months, most discussions around global dairy trade have centered on incredibly strong Chinese imports and freight costs and delays.