Dairy Prices Higher in June than Expected
Monday, June 22nd, 2015 -- 7:25 AM
(Wisconsin Ag Connection) -Dairy product prices are averaging a little higher for the month of June than when most experts anticipated.University of Wisconsin-Extension expert Bob Cropp noted in his latest Dairy Situation and Outlook report that CME butter rebounded to $1.90 per pound after falling to $1.80 earlier in June. Cheese prices were also holding steady as 40-pound cheddar block price started the month at $1.77 per pound, but has declined since. He says prices have been supported by good butter and cheese sales thus far this year along with dairy product production and stock levels favorable to prices.
The report stated that April production of all American cheese was 2.3 percent higher than a year ago with cheddar cheese production 1.8 percent lower. Unfortunately, dairy exports continue to be below year ago levels, but have improved monthly for cheese and nonfat dry milk.
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