Global dairy demand in 2023 was weaker than expected, but there were some pockets where demand was better than forecast.

From the beginning of the agricultural process to the final consumer experience, a magnitude of innovations has led to reducing the environmental impact of the dairy business. 

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?” 

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

Dairy market price uncertainty remains across regions and dairy products, Rabobank stated.

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

Milk production has slowed across much of the country. The combination of hot weather and typical seasonal declines is slowing availability of manufacturing milk.

Milk production across the nation is trending higher along the seasonal trend, according to the USDA's Dairy Market News report for the week ended Jan. 17. Improved weather conditions in most regions of the country have been beneficial to milk production, especially in the Upper Midwest and Northeast, where temperatures have returned towards their seasonal norms.