U.S. milk prices are ending 2019 at their highest level in five years. And while 2020 may see those gains cool off a bit, they should stay high enough for many producers to start recovering from the doldrums they faced in the second half of the decade. National Milk Producer Federation (NMPF) Chief Economist, Peter Vitaliano, notes the last two months of the year will average well over twenty dollars.
Vitaliano said producers must still be vigilant to keep costs under control. Hear more of his comments on the NMPF Defined Podcast.