Why are milk prices suddenly lower for producers?

One market economist says the world milk supply is growing... slightly.

Katie Burgess with Ever Ag tells Brownfield Ag News there is more milk on the market and we are in a better spot than we were this time last year, but current milk prices are lower than most producers might like. Demand has been on loose ground, leading to lower prices worldwide.

China is one of the biggest buyers of U.S. dairy but has purchased less over the last six months. That, and increased supplies in Europe and New Zealand have led to the recent decline in prices.