Dairy- Descending prices and a monstrous amount of cheese
Last year started off on a promising note for dairy exports and was projected to possibly set new records. Tariff wars with China and Mexico along with a drop in cheese consumption, however, weighed heavy on prices. Milk sales were down 2.2% over the first 10 months of 2018. As for exports, during the first 10 months, the U.S. exported 16.3% of milk solids, most of which occurred before the tariffs. Experts say there were 30,000 few cows on average during August through October. [node:read-more:link]