August 2017 Dairy Situation & Outlook

Professor Bob Cropp’s 2017 August Dairy Situation & Outlook  full report is now available for download at UW Understanding Dairy Markets.  An exert follows below:

 …Slower growth in milk production, good domestic sales of butter and cheese and higher dairy exports strengthen dairy product prices which pushed milk prices higher in August.…U.S. dairy exports in the first half of the year were the most in three years due to record exports of nonfat dry milk/skim milk powder and whey products and a 24 percent year-to-date increase in cheese exports. June exports compared to a year ago were as follows: nonfat dry milk/skim milk powder +7%, cheese +32% and butterfat +254%, but total whey exports were 10% lower. On a total solids basis June exports were equivalent to 14.4% of milk production and 14.3% for the year-to-date compared to 13.1% a year ago. Improved exports have been aided by increase in world demand and much improved world prices that are now higher than U.S. prices….

Also, for a video podcast including Dr. Bob Cropp and Dr. Mark Stephenson discussing the  Dairy Situation & Outlook, please visit Program on Dairy Markets & Policy.

For more information regarding dairy markets, please contact UW-Extension Dairy Markets Specialist Brian Gould or visit UW-Extension Understanding Dairy Markets.

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