[bigbob]

Not so on a global basis where the demand for milk is increasing and has been for a long time.

I'm in the middle of dairy country and the value-added side of dairy is booming and the basic milk production is their feedstock. The opportunity here is for export.

[Obadiah]

Correct analysis. Just read that there is a growing boomlet in demand for milk in China. That is likely going to be a very key market. Also, milk consumption kind of follows the birth rate, and that too appears to be (albeit slowly) increasing in the US.

[Mariner]

Cheese.