Dairy outlook not promising for 2018

The short-term dairy outlook for 2018 appears grim as prices are expected to drop during the first quarter before rebounding in the second half of the year.Mark Stephenson, said “The (low) 2018 milk price is going to feel a whole lot like 2016 was,” he said. “It’s one of the longest price cycles we’ve ever had. It’s not brutal in its depth, but brutal in its length.” Stephenson described the situation as a “long scrape” as opposed to a deep cut.