# Milk-Production Increase Outstripping Supply Gains, NMPF’s Vitaliano Says - NMPF

> NMPF chief economist Peter Vitaliano says milk production is growing faster than dairy demand is recovering, making 2021 a difficult year for farmers. Dairy export demand is at record levels, and away-from-home dairy demand should rise as COVID-19 fades. Dairy herd expansion has picked up to its fastest pace since 1998.

- Date: 2021-02-08 · published 2021-02-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48647-milk-production-increase-outstripping-supply-gains-nmpf-s-vitaliano-says-nmpf
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Output growth outrunning demand keeps dairy prices under pressure, though record exports and expected foodservice recovery are partial offsets.

## Read by commodity

- MILK: bearish ▼

## Sources

- nmpf.org: https://www.nmpf.org/milk-production-increase-outstripping-supply-gains-nmpfs-vitaliano-says/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.