December Dairy Market Report from NMPF and DMI

Recently reported wholesale and farm-level milk and dairy-product prices continue to be their highest since at least the beginning of 2015. Stockpiles have been down and use up. The most recently reported stocks of the key milk price-influencing dairy products declined from the previous month, while domestic commercial use of milk increased at a faster rate than milk and milk solids production during the most recent period.

Meanwhile, exports of certain key dairy products are beginning to show increases over year-earlier levels. Constrained growth in U.S. milk and milk solids production, combined with a recovery in global dairy product markets, are central to this long-overdue period of better milk prices.

The report is prepared by National Milk Producers Federation and sponsored by Dairy Management Inc.

The complete report can be found here.



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