Unseasonable weather patterns may halt slide in global dairy prices

Well-above-normal US milk output over the winter and spring period has been a contributory factor to the downward pressure on global dairy product prices.

This was a global supply phenomenon, with output in major dairy regions also unseasonally stimulated by milder-than-normal weather conditions. Weather may now be about to halt, if not reverse, the slide in prices.

Weather may have direct and indirect effects: