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Economist Forecasts $18 Milk This Fall

A dairy economist says milk prices could approach $18 by the fall, a more than $4 per hundredweight increase since the beginning of 2019. 
University of Wisconsin's Bob Cropp says dairy product production is down, stocks are tightening, and everything is indicating stronger prices for the fourth quarter. 
"I'm saying in June we're going to be in the $17s and keep increasing to at least the high $17s for the fourth quarter. If things really tighten and the feed situation plays out, exports improve, $18 is not out of the possibilities." 
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