Want to understand the laws of supply and demand? Watch the dairy industry

Marketplace / August 6, 2020

Agricultural economist Dan Sumner at the University of California, Davis, said that’s when dairy farmers started ramping up production.

“They have added some heifer calves that might have not made the cut a year ago,” he said. “They’ve kept an old cow on a few more months that might not have been profitable a year or two ago.”

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