Got Milk Too much of it, say U.S. dairy farmers

Got Milk Too much of it, say U.S. dairy farmers

U.S. dairy farmers’ big bet on global demand for milk is souring.

The industry was in trouble long before a trade squabble with Canada last month that reduced demand for ultrafiltered milk, a cheese ingredient. Dairy farmers fear a spat that has jeopardized roughly $150 million in sales for Wisconsin, New York and Minnesota producers is just a prelude to disruptions to come if President Donald Trump renegotiates the North American Free Trade Agreement as promised.

“There was a perfect storm,” said Jaime Castaneda, senior vice president of trade policy at the National Milk Producers Federation………

Source: Got Milk Too much of it, say U.S. dairy farmers – MarketWatch