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Well, I've read it again. "Consumer confidence" is still "historically low." Many dairy experts have voiced the same opinion over the past year to explain low farm milk prices.
Take a look at the two graphs above. There you have graphic proof of what is known as "asymmetric price transmission", which is another way of saying market failure.
Yes Asymmetric pricing a new word that I learned this year that all dairyman should learn. Our industry is ripe with it. It is total greed driven on the consumers ignorance of what we are actually paid on the farm.
ReplyDeleteThey say we have to much in storage , that is why prices are low. Release it and give it to the people in Haiti, they really need cheese and milk and will not take it for granted.
ReplyDelete