Milk and Dairy Stocks Building, Impacting Prices

The USDA released their April forecast for milk supply and demand this week.

World Outlook Board Chair Seth Meyer said it’s, “A further building of stocks. We’ve got very large stocks of butter and cheese and that’s beginning to weigh on prices. When we look across the board this month we reduced our product prices so cheese, butter. International prices are pushing NDM prices down, so we’ve seen across the board product prices lower which, of course, pushed down the class 3 and class 4 milk prices and the all-milk price down 45 cents.”

The new price is $17.65 per hundredweight.