Amendments affect pricing formulas for all 11 Federal Milk Marketing Orders.

Dairy markets in the first half of the year saw weak supply growth.

Whey protein is becoming a key ingredient in a wide range of consumer products.

The first quarter of 2024 saw weak supply, with milk production running lower than in 2023.

An analyst speaking at the International Sweetener Colloquium attributed lower milk supply to various factors.

In the US pricing system, higher make allowances mean lower minimum milk prices.

Signs of potential for growth and profitability exist within the dairy industry.

Milk powder prices trended lower over the second half of 2022.

The price that cultured dairy product makers pay for the milk they use is tied to the price of butter and nonfat dry milk.