Milk prices in the US saw a decrease in January, with Wisconsin's all milk price dropping to $17.50 per hundred, a 60-cent decrease from December and $1.90 lower than the previous year. This trend was observed in 23 of the top 24 milk-producing states, with Florida experiencing the largest drop. On the other hand, prices for commodities such as corn, soybeans, and oats increased, while hay prices decreased. USDA economists forecast a food price inflation of 2-3% for the year. The ethanol industry report for the end of the year shows a 9% decrease in exports in 2020, with Canada, Brazil, and India being the top buyers.