DAIRY | DAIRY MARKET REPORT: MILK PRICES UNDER PRESSURE
According to the latest Dairy Market Report, provided by the National Milk Producers Federation (NMPF), milk prices are under pressure.
It’s noted the current extended period of milk production growth has so far been the weakest of all such periods since 1996, but downward pressure on prices continues even as inflation ebbs and consumer demand for dairy products recovers. Production of most major categories of dairy products mirrored this modest growth of milk production. Growth in total domestic consumption during this year’s first quarter kept pace with both milk production and milk solids production growth. Total export growth was positive during the quarter, compared to last year, which set a new calendar year record.
Published by: Damián Morais
MAY 31, 2023