From our 2021 Dairy Outlook, producers can expect improved profitability with economic recovery but increased production costs are a wild card.
Our updated dairy outlook for 2020 indicates the dairy industry is recovering from the COVID-19 shock, but the future is still uncertain.
In the first half of 2020, the dairy producer’s profitability was hampered by COVID-19 - and a rebound will depend on economic recovery.
Profitability of dairy producers is expected to climb in 2020 as domestic demand for dairy products remains robust.
FCC Economics July/August 2019 Outlook series shows strengthening demand and prices for SNF will help shape Canadian dairy profits throughout the year as higher interest expenses and feed costs bite into margins.