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DairyTalk 156: Oversupply, Not Demand - Inside the 2025 Global Dairy Crunch - by Helmut Demmelhuber
In 2025, the global dairy industry ran headfirst into a “wall of milk.” Simultaneous production expansion across the U.S., EU, New Zealand, and Argentina flooded the market, crashing prices to around $15 per hundredweight - despite strong export demand. The problem wasn’t demand, but biology: expansion decisions made two years earlier all came online at once. Complicating matters, successful beef-on-dairy programs reduced replacement heifer numbers, limiting aggressive culling. This episode explains the forces behind the crunch and highlights how resilient farms use precision culling, margin…
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