Bearish cold storage report pushed prices lower on Friday, and Class IV milk futures followed suit.
The dairy complex was lower across the board on Thursday.
It’s no longer just plain, ordinary white milk. Brands that are different, that offer a local or premium experience, are trending with consumers.
Migration to the West continues as well.
Methane digester will turn manure and food scraps into fuel.
Dairy exports are the wild card, but major exporting countries' milk production is also flat.
Deadline is approaching to receive guaranteed payments from the Dairy Margin Coverage program.
Component prices for butterfat and protein are the reason why.
Volume on today’s GDT auction was heavy, with 34,410 metric tons of dairy commodities changing hands.
Milk production remains stagnant, but some states continue to grow.