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While sales of lower fat and skim milk sales have increased dramatically over this time period, whole milk sales have dropped in half.

Traders are buying out-of-the-money call options from 1¢ to 30¢ that could make them $10/cwt.

Formal rule making, which can take months, is one option.

$450 million, state-of-the-art facility built in just 326 days.

USDA also announced that the December parity price for milk was $52/cwt, down a dime from November.

The Senate vote on dairy is simply a continuatin of current law.

Total dairy cow numbers were actually down 20,000 head from a year ago, but up 7,000 over the last month.

The market will inevitably tighten further if there is even a modest improvement in demand for imports from key buying regions.