Dairy Market Report: Input costs keep tight lid on milk production growth

National Milk Producers Federation

NMPF

Both dairy supply and demand are being driven by unusual factors in mid-2022, with little immediate respite in sight. Severe cost inflation and limited availability are affecting virtually all inputs necessary to produce milk, keeping a tight lid on milk production growth and thereby generating record-high milk prices. Sustained tight production is spreading high milk and dairy product prices to retailers.

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