Coronavirus sours milk prices

Dairy Outlook: Dairy economists advise farmers to cut milk production 2% to 3% now.

Prospects for higher milk prices in 2020 were riding high in January and February, and then along came the coronavirus.

“The world has turned upside down. Back in January, we were forecasting a great year for dairy farmers. Milk prices were going to average way above 2019,” says Bob Cropp, University of Wisconsin-Madison dairy economist. Now with COVID-19, that’s no longer the case.

Cow numbers have risen, and an increase in milk per cow is not helping matters, Cropp says. “Cow number