Producer milk prices are down significantly in 2023. Why? This post will look at some of the reasons for this decline. It will review the price movement of the three commodities that have the most influence on producer prices, butter, cheese, and nonfat dry milk (NDM). NDM pricing is primarily an export item and will be covered in the most detail.
Table I below shows the change in the Agricultural Marketing Service (AMS) pricing of these three commodities. Since October of 2022, all three have taken major losses. In just six months, butter prices have dropped by 25%, cheese prices have dropped by 13%, and NDM has dropped by 27% (Table I).
Sunday, May 14, 2023
John Guess
milkprice.blogspot.com
Comments