Weather and input costs key to recovery

摘要

Universally high feed costs have continued to strain profitability for most farmers and have seen milk production contract.Industry confidence, as measured by the National Dairy Farmer Survey, is low, while culling rates are elevated and milk production declines are likely to continue to characterise the 2019/20 season.While negative stories dominate dairy industry news, Dairy Australia's recently released Situation and Outlook report shows that some things are going right.