For much of the year, U.S. dairy prices have had some hard times. However, in the last quarter, prices have seen improvement due to export demand.
Butter and whey are leading the markets, while cheese demand has remained “solid,” according to Naomi Blohm of Stewart-Peterson. While the past six weeks have seen improvement, Blohm said this isn’t anything to get too excited about too quickly.
“We are oversupplied with milk production right now,” said Blohm. “If we see demand taper off, we could probably see prices slide a little.”
Watch what Blohm has to say about seasonal dairy demand and what the 2017 dairy outlook looks like going into 2017 on AgDay above.