COVID-19 has US cheese and milk industries on the brink
For dairy farmers in the United States, the timing of the COVID-19 pandemic could hardly be worse.
As the disease caused by the coronavirus SARS-CoV-2 spreads across the US and changes so many aspects of public life, it’s also reshaping how consumers buy dairy products. And while lots of farmers are experiencing increased demand for their foods, experts estimate demand for dairy has evaporated by nearly half.
The U.S. dairy supply generally increases in the spring season, part of the natural cadence at which cows produce milk. But according to a new report by CoBank (.pdf), there’s little demand for it this year. Economic weakness led big export markets, including China, to slash the volume of U.S. milk they’re importing. School closings across the U.S. — particularly elementary schools — have also put a major dent in milk consumption.
“The biggest thing is the collapse in the restaurant and food service demand,” says Lucas Fuess, a food industry analyst with HighGround Dairy. “It’s tough to get numbers, but I would estimate as much as 40% of dairy goes into food service channels.”
https://www.msn.com/en-us/money/markets/covid-19-has-us-cheese-and-milk-industries-on-the-brink/ar-BB12ew0e?li=BBnbfcN
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