USA milk output, dairy & beef economics

Will Evans, Becki Reay and Chris Walkland are joined this week by Betty Berning; Contributing Dairy Economist at Highground Dairy. After Chris' rather inert milk market update, they go on to discuss the economics of USA dairy production and what is driving low volumes we are currently seeing from the USA, including record low heifer inventory numbers and record high beef calf prices. They discuss further the significant investments seen in cheese production facilities and the effect of Trump tariffs on exports.