Do not expect the de-coupling of the U.S. and international prices to continue forever. One day we will realize that U.S. prices are too high to remain competitive on the world stage. When that happens, expect more downward price corrections.
Some cheese plants are turning back some offered milk to better balance their inventories to match current demand.
June 7, 2014
Butter operators churned at mostly steady rates. Cheese production is mostly steady this week with many plants operating full schedules. As for milk, the USDA says production is steady to higher in the Midwest, steady in the Northeast and Pacific Northwest, and steady to declining in California.