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Dairy price ‘correction’ continues


The U.S. dairy industry is moving further into the price correction that will define the first half of 2015, according to the February Dairy Market Report. Chicago Mercantile Exchange futures markets indicate U.S. average milk prices will hit the year’s lowest levels in March and April, while milk-price-over-feed cost margins will bottom out in April and May.

Conflicting signals are coming from both the domestic and international dairy markets as to how low these respective bottoms will beBut some signs, including the still-moderate domestic stock situation for butter and cheese, a temperate outlook for U.S. milk production growth and the futures themselvesindicate the correction may not be as severe as it appeared a few months earlier.

The Dairy Market Report is written and produced by the National Milk Producers Federation and sponsored by Dairy Management Inc. To download the February issue, click here.


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