Recent developments in dairy markets

Recent developments in dairy markets

Domestic demand for dairy products relatively high this year.

Wholesale prices for all major dairy products rose in June, according to the latest U.S. Department of Agriculture (USDA) “Livestock, Dairy, and Poultry Outlook.”

From the week ending June 4 to the week ending July 2, prices for butter, 40-pound blocks of cheddar cheese, 500-pound barrels of cheddar cheese, and nonfat dry milk (NDM) rose by $0.271, $0.178, $0.166, and $0.043 per pound, respectively. The price for dry whey was relatively steady, rising by $0.008 over the same period

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