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Analyst Sarina Sharp of the Daily Dairy Report says milk supplies are tightening and processors are paying premiums, which is causing some nonfat dry milk and skim milk powder output to lag. Butterfat levels have risen to offset a milk production deficit that has persisted for 11 straight months, while butter and cheese output is expanding.
Shifting output from milk powder toward butter and cheese changes dairy byproduct availability, and continued milk production shortfalls support higher dairy prices for feed buyers.
en.edairynews.comDamián MoraisAug 22, 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.
