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U.S. domestic cheese consumption posted its biggest two-year gain since 2000, reaching record per-capita levels, and butter demand also advanced. Fluid milk consumption has fallen for six straight years and is forecast to decline again in 2017.
Strong high-fat product demand is helping lift milk prices even as total milk output hits records.
Solid demand for cheese and butter absorbs record milk output, supporting dairy prices and reducing surplus pressure on milk values.
farmprogress.comBloombergJan 25, 2017Not 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.
