American Farm Bureau Federation Chief Economist Roger Cryan is seeing a fundamental shift in the U.S. dairy markets. “There’s been so much construction of cheese plants, it’s led to an ample supply of cheese.” Outside of Mexico, export demand for cheese is weak, but powder and butter demand is strong. “What’s happened is the Class IV price has exceeded the cheese milk value by a good bit.” Reforming the federal milk marketing orders is a goal for many in the dairy industry. That hearing process is continuing in Indiana.
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