Why Is There A Milk Shortage 2024. Anticipated interest rate cuts in the second half of the year will. In its february world ag supply and demand estimates (wasde) report, the usda lowered its milk production forecast for 2024 due to lower expected output.

Toilet paper shortages in stores across america are giving folks nightmarish reminders of the pandemic era. Milk shortages similar to those seen on egg shelves are likely in the second half of 2023, retailers have been warned, if there is any further fall in farmgate prices.