date:Sep 07, 2012
tories return to normal levels.
Recently butter inventories show a little shortage developing which is starting to have an impact on pricing.
Other solids
Other solids pricing is driven by whey prices. The USDA formula is: Other Solids Price = (Dry whey price 0.1991) times 1.03.
Dry whey is a major export item which has seen growth of nearly 250% over the last 12 years.
Whey inventories shown in chart four (right) have been decreasing as demand has increased.
Whey is a by-product of che