Dairy Report: Dairy Consumption Increases for the Third Consecutive Year
October 15, 2021
Dairy looks to play a big role for holiday baking this year and market watchers say spot cheese prices are leading the way into the holiday season.
Serena Sharp with the Daily Dairy reports this year’s holiday baking could be extra festive with American’s making up for scaled back celebrations last year. She says that should be good news for cheese, butter and cream demand. At the end of September, block cheese prices were sitting above $1.80 per lb. and adds the strength in the cheese market is a bit surprising given the ample stocks right now.
The final numbers are in on dairy consumption in 2020 and the National Milk Producers Federation says for the third consecutive year consumption in the U. S. increased. The organization said it increased to 655 lb. per person, up from 653 lb. per person in 2019.
Experts say there was a small uptick in yogurt and butter as it marches back to the 1960’s level of consumption. There was also an increase in buying in full fat and lower fat ice cream.