Tariffs expected to beat already depressed milk prices


Analysts say dairy farmers could be further into the red for the remaindered of the year if dairy tariffs go into effect this week.

National Milk Producers Federation economists say Mexico’s retaliatory tariffs on most U.S. cheese in combination with China’s retaliatory tariffs on nearly all U.S. dairy product imports could cut future prices by about $1.10 per hundredweight for the rest of the year.

Michigan Milk Producers Association president Ken Nobis says the dairy industry wants the Trump Administration to remove tariffs on Canada and Mexico until after NAFTA is complete.

Continue reading Tariffs expected to beat already depressed milk prices at Brownfield Ag News.