Dairy goods' prices slide as global production floods markets

Butter, milk and cheese prices are falling as a surge in global milk production floods the market, prompting warnings of a looming period of weak prices.

- AINSLEY THOMSON

THERE is more milk supply than demand, causing prices to drop, a report says.

(JUSTIN SULLIVAN Getty Images)

“Too much milk for the market, combined with strong milk solids growth, has contributed to a sharp decline in commodity prices,” Rabobank senior agricultural analyst Emma Higgins said in a report Thursday, describing the output as “stunning.”