North American dairy farms are struggling today, thanks to trade wars, shifting consumer preferences, a worldwide milk surplus, and a complex, often opaque pricing system. In early 2014, U.S. cheese exports reached a record high fueled by a 100% increase to China, a 142% increase to Australia and a 48% increase to Mexico. It takes about a gallon of milk to make a pound of hard cheese, so dairy farmers were running at full throttle to keep up with demand. Then markets tumbled. Source: EKA – Modern Tech Helps Combat North American Dairy Challenges
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Source: CTRM Center