market news | The Real Deal: Dairy prices are up 16%

While we are seeing a slight drop in some of our staples, it seems dairy prices are up 16% year after year.

Caleb Silver, of Investopedia, says it’s a supply and demand issue.

“Supply didn’t really come back on line in 2022 after being disrupted the prior two years. So that’s why prices remain high. The USDA and various dairy associations don’t expect prices to remain this high in 2023. They expect more supply to come online, and they do expect food prices to come down a little bit, but not much,” Silver says.

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