A look back to look ahead

2/9/26

By Hoard's Dairyman

Everyone is well aware that milk production growth has been incredibly strong, pulling most dairy prices lower during the second half of 2025. That strong production growth was expected to keep some downward pressure on prices during the first half of 2026, or at least during the first quarter. But miraculously, cheese, butter, and nonfat dry milk prices have rallied during January while dry whey has held at historically high levels. So, why has this market rallied despite strong milk production grow? Read More

---