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Dairy expert predicts U.S. milk prices will climb in 2020
UW-Madison’s director of dairy policy analysis predicts U.S. milk prices will continue to climb in 2020 as low production helps clear out domestic and international stocks of milk.
Still, Mark Stephenson noted that a recession would throw these numbers off course, though he doesn’t expect an imminent downturn.
“At this point in time, we’re at a level where a recession would seem to be perhaps on the horizon,” he said last week at a UW-Madison agriculture forum. “I don’t think this is going to happen in 2020, so I’m not so worried about this today.”
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