With most CME spot dairy prices declining, dry whey prices have started to help stem the pain of falling milk prices. “While the prices of most dairy products have come under pressure in recent weeks, whey remains a glaring exception,” says Monica Ganley, analyst for the “Daily Dairy Report” and principal of Quarterra, an agricultural consulting firm in Buenos Aires. Rising dry whey prices, which are providing critical support to Class III milk prices, could not be occurring

Milk futures prices have struggled for the past year, as increased production has kept steady pressure on product values. Herd expansion, efficiency, increased revenue from breeding for beef calves, and technical selling have all played a part in weaker prices. World global dairy trade prices have slid as well. The dairy processing industry is expanding, with some estimates as high as $10 billion dedicated toward either revamping or building new processing plants. If demand i

Falling international prices spooked the U.S. milk powder market. At this week’s Global Dairy Trade (GDT) Pulse auction, skim milk powder (SMP) prices fell 0.7% from last week’s GDT event, dropping to a 13-month low of $2,530 per metric ton, equal to nonfat dry milk (NDM) at around $1.22 per pound. Whole milk powder prices slipped 0.9% to a one-year low. Manufacturers in Europe and Oceania are flush with milk, and dryers are running hard. Closer to home, downtime at other dai