When all was said and done, milk and dairy product sales during first half of 2015 were virtually unchanged from one year earlier. In other words, flat.
A reduction in the milk supply in the U.S., Europe and Oceania during 2013 pointed toward higher milk prices during 2014. Robust demand worldwide—particularly from China—added fuel to the fire.
A reduction in the milk supply in the U.S., Europe and Oceania during 2013 pointed toward higher milk prices during 2014. Robust demand worldwide—particularly from China—added fuel to the fire.
Dairy product prices started tumbling lower during the fourth quarter of 2014. Unfortunately, this is a trend I see continueing through at least the first half of 2015.
Every man, woman and child in this country eats on average an ounce of ice cream a day. And that’s just the tip of the iceberg, according to new per capita consumption data from USDA.
Fluid milk needs to diversify into the snack food and refreshment businesses, the after-dinner cordial crowd, the mid-morning pick-me-up trade and the energy drink business.