Dairy Defined

Milk-Production Increase Outstripping Supply Gains, NMPF’s Vitaliano Says

February 08, 2021 National Milk Producers Federation Season 3 Episode 3
Dairy Defined
Milk-Production Increase Outstripping Supply Gains, NMPF’s Vitaliano Says
Chapters
Dairy Defined
Milk-Production Increase Outstripping Supply Gains, NMPF’s Vitaliano Says
Feb 08, 2021 Season 3 Episode 3
National Milk Producers Federation

Milk production is increasing faster than demand is recovering, making 2021 a challenging year for dairy farmers, said Peter Vitaliano, NMPF’s chief economist, in an NMPF podcast. 

“On balance, things are improving a little bit” in dairy demand, “but they're still falling short of the milk production rate of increase,” Vitaliano said. Still, bright spots remain for the medium- and longer-term dairy outlook. Demand for U.S. dairy exports is at record levels, and demand for dairy away from home should increase as the COVID-19 pandemic fades, he said. 

Show Notes

Milk production is increasing faster than demand is recovering, making 2021 a challenging year for dairy farmers, said Peter Vitaliano, NMPF’s chief economist, in an NMPF podcast. 

“On balance, things are improving a little bit” in dairy demand, “but they're still falling short of the milk production rate of increase,” Vitaliano said. Still, bright spots remain for the medium- and longer-term dairy outlook. Demand for U.S. dairy exports is at record levels, and demand for dairy away from home should increase as the COVID-19 pandemic fades, he said.