A market view of the US dairy industry

The US dairy market has seen production levels rising slightly. Cheese and butter prices are up, partly due to higher domestic demands. What are other trends seen in the US dairy market? Mike McCully shares his view on these issues in his market review below. US milk production in April was up 1.7% compared to a year ago and March was revised up from 1.2% to 1.4%. Cow numbers remain at the highest level since early 2009 and show little sign of declining, which provides an ample production base