Milk and dairy product prices generally moved higher in August as most domestic dairy product markets remain in tight supply-demand balance, according to the latest Dairy Market Report from the National Milk Producers Federation and Dairy Management Incorporated.
This is producing a distinct double peak for U.S. milk prices this year, despite continued weakness in world prices for all dairy products. Growth in commercial use of dairy products in both domestic and export markets has generally kept pace with domestic production.
They warn that this probably won’t continue much longer, as cow numbers build, and milk production per cow accelerates. Recent drops in feed prices continued in August, but at a moderating pace.
Read the entire report at: dairyline.com/NMPF/DMR_September2014.pdf.