Good year for milk prices ahead

MADISON – “I think this is going to be a good year for milk prices,” reported Mark Stephenson, director of dairy policy analysis for the University of Wisconsin-Madison’s Department of Agricultural and Applied Economics.

Stephenson spoke in person during an Agricultural Outlook Forum on the UW-Madison campus on January 25. Attendance was down for the annual event, no doubt due to Covid concerns, but during the daylong event as many as 60 people were following along on the Renk Agribusiness Institute’s You Tube channel (including this reporter.) That Renk Institute sponsors the forum each January.

Mark Stephenson

Note: To see graphs and charts used by Stephenson in his presentation, go to renk.aae.wisc.edu/2022-agricultural-outlook-forum/. A link on that page allows visitors to view a video of his presentation and others that were given during the forum.

Stephenson said he’s “optimistic” that US all-milk prices in 2022 will be $ 4.25 to $ 4.30 per hundredweight higher than they were last year. “It’s going to be a pretty good year but farmers should continue to look at risk management options and control their variable costs.”

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