2017 Dairy outlook – Audio

Friday, January 13th, 2017

Mark Stephenson, Extension Dairy Policy Analyst
Department of Agricultural and Applied Economics
UW-Madison College of Agricultural and Life Sciences
mwstephenson@wisc.edu
Phone (608) 890-3755

NOTE: Fourth in a series for 2017 Wisconsin Agricultural Outlook Forum Jan. 19
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2017 Wisconsin Agricultural Outlook Forum

2:39 – Total Time
0:16 – Improving milk prices ahead
1:03 – Farm bill and dairy policy
1:42 – Trade policy a concern for dairy
2:21 – Better milk prices second half
2:31 – Lead out

TRANSCRIPT

Sevie Kenyon: Taking a look ahead at dairy in 2017, we’re visiting today with Mark Stephenson, Center for Dairy Profitability, University of Wisconsin-Madison in the College of Agricultural and Life Sciences and I’m Sevie Kenyon. Mark, what can dairy farmers expect in 2017?

Mark Stephenson: They can expect improvement. We hit the bottom in May of 2016 of our prices in this trough, I expected that through the end of 2016 we’d see improvement and on into 2017. I don’t think we are going to see anything dramatic until we get half way through the year. We started to see a flurry of buying on the world markets when prices were at their bottom because everybody wants to step in and take the opportunity to buy when prices are low. The next time we’ll see a flurry of activity is when people start to feel like stocks are getting tight and there’s not as much product available as they would like to have. So, that hasn’t started yet, I don’t think that will happen until we get to the second half of 2017. Continue reading