Milk Sliding 14% on Output Boost, Cheese Jump to 1984 High (Bloomberg)

Quoted: “Grain farmers are having some of the best years they?ve had in a long time profit-wise, but you couldn?t say that for dairy,” said Bob Cropp, an economist at the University of Wisconsin in Madison who has been studying the industry since 1966. “Dairy facilities are running at the maximum. With a little softening in demand, prices are going to come down.”