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Monday, January 8, 2018
Organic Milk Sales Lower
Organic milk sales are
dropping, but sales of so-called plant-based milk are rising. The Wall Street
Journal reports organic milk sales fell 2.5 percent in 2017, slightly less than
traditional white milk that fell 4.5 percent. Plant-based milks rose 2.9
percent in sales. However, the largest gains in milk sales were seen by
specialty milk which would include products like lactose-free. Organic milk
prices fell from roughly $40 per hundredweight in 2016 to $27 in 2017. Organic
dairy processors are looking for new ways to move the product. Company
officials at Organic Valley, the nation’s largest organic dairy cooperative,
expects prices to stabilize in 2018 and hopefully improve in 2019, but did not
expect the market to take its recent turn. Meanwhile, farmers who spoke with
the Wall Street Journal said the market conditions were tough to deal with, and
one was even culling dairy cows to adjust.