US Milk Surge Signals Mixed Outlook for Global Trade
Milk production in the United States continues to expand, with April 2025 output up 1.5% year-on-year, reaching 19.37 billion pounds. This increase is driven by both higher herd numbers (up 89,000 cows YOY) and improved per-cow yields. Rising production is supporting stronger supply-side dynamics, which have already lifted wholesale prices of cheese, butter, and non-fat […]