In the Parlor to Plate podcast, Ever.Ag experts discussed concerns for dairy producers heading into 2024. They noted that while markets have been quiet, there are still dangers and concerns, particularly regarding milk prices. Analyst Colin Kadis noted that 2022 was one of the greatest years for dairy producers, despite higher costs. He also predicted that 2023 would be difficult, especially for Class III producers. While lower dairy prices are welcomed, global and domestic demand for some dairy product categories is lower. Brian Fletcher, a risk management expert, noted that if a demand resurgence occurs, it could lead to elevated prices. He suggested that if demand remains mediocre, more supply erosion is needed to stabilize prices. Kadis concluded that dairy farmers may not be excited to sign up for this, as they believed they had liquidated enough six months ago.
