By Tim Kowols
The futures markets are giving dairy farmers hope for the New Year. Oversupply and the growth of plant-based milk alternatives have caused dairy farmers see the cost of the product drop dramatically from record highs just a few years ago. With cheese consumption in the United States reaching record highs in 2015 according to the Wisconsin Milk Marketing Board, Rich Olson from Olson Family Farms in Sturgeon Bay remains optimistic that things will turn around for the industry.
Milk prices have shown an increase in just the past month with both Class I (fluid milk) and Class III (cheese) milk prices up nearly two dollars per hundredweight.