Despite recent trade uncertainty, U.S. dairy is holding strong with exports setting a new record, surpassing $3 billion through April.
American Farm Bureau Economist Danny Munch spoke with RFD-TV’s Suzanne Alexander about dairy exports, the importance of trade, and challenges facing dairy producers.
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Smaller cow numbers and a declining calf crop point to prolonged tight cattle supplies, limiting near-term herd rebuilding potential.
The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.