date:Sep 25, 2015
price forecast for both 2015 and 2016 in its September WASDE. The strength in class 4 milk mainly is related to ongoing strong butter demand, which has kept price declines much smaller than for dry products.
It should be noted that prices for some dry milk products, including whey, lactose and whey protein concentrate continue to decline or hover near multi-year lows. Since N.D.M. typically sets the tone, the test for recovery in dry milk product prices will be when and if other products follow