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.
In this week's dairy processing news, the weighted average advertised price for 48- 64-ounce ice cream containers rose 7%. Current butter demand is good in many areas of the country. Domestic retail demand for cheese is still generally considered to be good, but export demand is slowing. And heat, humidity and record-setting temperatures are significantly impacting cow comfort and milk output, reports this week's Dairy Market News from the U.S. Department of Agriculture.