date:Sep 25, 2015
Although still below highs for the year and well below year-ago levels, prices for benchmark nonfat dry milk have increased about 20% from mid-August lows and in some cases have risen five consecutive weeks, enough to indicate prices may have bottomed after declining for more than a year. But dont expect runaway prices any time soon as ample milk supplies still overhang the market.
Nonfat dry milk is the highest-volume produced dry dairy product, and typically where excess milk supplies are cha