Buyers uncertain when dairy prices eventually will rebound

Buyers uncertain when dairy prices eventually will rebound

The dairy industry is in as bad a shape as the stock market, with product prices going from record highs in 2008 to rock bottom in early 2009. U.S. Department of Agriculture forecasts show big double-digit percentage price declines on all products for 2009. What happened? Basically, the industry got caught with too much milk as a global recession and a stronger dollar shut down export markets. Cheese exports for 2009 are forecast to be 45 percent lower than in 2008, with butter down 50 per

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