U.S. Dairy Products Are Still Competitively Priced

amy55735
Mar 31
1 min read

The days are getting longer and milk production is climbing. It’s officially spring. The Midwest welcomed in the new season with a few days of sunshine and then a snowstorm. The dairy markets were similarly tempestuous. After a long, cold winter the whey complex was unexpectedly sunny. CME spot whey powder jumped a nickel to 50ȼ. However, industry stakeholders tell USDA’s Dairy Market News that demand is “lackluster” and inventories are growing. Buyers are much easier to find when whey is south of 50ȼ. These comments and rising milk output suggest that the rebound may be temporary. The bears are still circling the whey market.

The other dairy products took sizable steps back this week. CME spot butter fell 4ȼ to $2.3025 per pound. Blocks dropped 9ȼ to $1.6025. Barrels plummeted 14ȼ to an 11- month low at $1.55. Spot nonfat dry milk slipped a penny to $1.145, its lowest price since May 2024.

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