June 10, 2022: High Dairy Product Prices

At $27.10 per cwt, the U.S. all-milk price hit a record high in April for the second month in a row. This is $1.20 more than March’s U.S. all-milk price at $25.90 per cwt which had eclipsed the  previous record of $25.70 set in September 2014. Suppressed milk production growth across the world is keeping milk supply tight across the globe and continues to support upward movement in  domestic and global dairy product and milk prices. However, high prices are starting to curb consumer purchasing. Read More