Tariffs taking toll on dairy markets

ilk production has slowed in the U.S., but retaliatory tariffs by China and Mexico are weighing heavily on dairy prices. Milk production in June grew 1.2 percent year over year. Normally if exports hold up, that amount of growth would be bullish for prices, Bob Cropp, dairy economist with the University of Wisconsin, said in the latest Dairy Situation and Outlook podcast.