American (and world) dairy industries have reached a new paradigm in pricing, partly because of growing demand from Asia. In the dairy world we always joke about those who like to live in normal times. Since the uncoupling of the support prices from market prices and other broad changes in how milk prices are determined in the 2000 Farm Bill, we in the dairy world have not known normal times. The price of butter can be $1.00 a pound or $2.75 pound, in the same year. The price of nonfat dry milk can go from $0.90 a pound to $2.10 a pound in less than a half year.
展开▼
