Tighter markets and stronger prices for milk and dairy products persisted through the summer and are poised to continue into fall. Positive signs include significant increases in both domestic use and exports of cheese, a slight drop in total milk production accompanied by just a slight increase in total milk solids production, and a drop in American-type cheese production. The July all-milk price reported by USDA was the third-highest monthly all-milk price since 2014, while the August federal order Class III price was the highest seen since 2014.
The latest issue of the Dairy Market Report for September 2019 is now available online.
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