The outlook improved for the U.S. dairy sector toward the end of 2019. AgResource Company President Dan Basse says domestic product demand was strong the last six months of the year. That’s expected to continue in 2020. “We’re relatively upbeat on the dairy market. The U.S.-Mexico-Canada Agreement should help with neighbors to the north. We’re also excited to have China back at the table. I’m optimistic the break in dairy will halt in the first quarter of 2020. Maybe January will be a seasonal low again and we’ll start to see demand trends forthcoming.” Basse says unfortunately, farmers are still liquidating herds. “I feel bad for the dairy farmers exiting the business, because as we look at things today, we’re probably starting on a more bullish landscape for dairy in the next few years.”
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