Dairy brands are keeping up with changing consumer habits. Makers of cheeses and yogurts develop snacks. Milk adopts new flavors and portable formats. Ice cream makers face the toughest times as consumers find other foods to eat for dessert.
Milk processors are finding success with limited-time flavors like mint chocolate chip and birthday cake. A national campaign focusing on protein hopes to keep milk front-and-center on the breakfast table.
It all depends on the product, but expect stronger prices next year. NDM prices might rise to $1.25/pound in late 2016. Favorable skim pricing won’t last all year, while butter prices will be volatile in the first quarter 2016. As for cheese, inventories and imports hold down prices.