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Strong global demand for dairy continues to push cheese and butter prices to fresh highs.

Once regarded as the low byproduct of cheese making, whey was often dumped down drains or spread on farm fields. Whey has since made huge strides due the growing health awareness among consumers, fueled by the pandemic.

Each supply regions faces a basket of production challenges.

Dairy producers should expect some impact from the Russian invasion of Ukraine.

Labor is a top concern for dairies. Business experts say the ability to fill agricultural jobs will continue to be a challenge, but illustrates a few trends that may make it a bit easier than the last two years.

Working to make continuous improvements to their dairy – in terms of developing a functional cow that makes sense for the current market – has allowed Rosy-Lane Holsteins to remain optimistic.

Cheddar stole the show, settling nearly 11% higher to an all-time high average price of $2.96 per lb.

Class III milk closed with a strong session as futures months were up 5 to 27 cents.