February 24 Dairy Market Outlook
It looks like milk prices will continue well above 2021 and be the highest milk prices since record prices were set back in 2014. Milk production is not likely to increase much in 2022. Higher feed prices, labor shortages, higher other input costs, and fewer heifers as dairy replacements expected to calve within the next 12 months, 2.7% lower than a year ago, will all hinder increases in milk production.