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Milk supplies are tightening in the US while cheese processors expand capacity, and Daily Dairy Report analyst Sarina Sharp said nonfat dry milk and skim milk powder output fell 15.2% in January through June. Butterfat levels are rising as producers focus on fat content.
Competition for milk from cheese makers squeezes powder output, supporting milk prices and reducing nonfat dry milk supply.
dairyherd.comAug 6, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
