Butter stocks in May were 72.7 million pounds compared with 104.2 million a year ago. G ood to high milk prices actually cause more head-aches than low prices. Yes, if you're a dairy producer. If you're the head of an association claiming to represent dairy producers, high milk prices are a nightmare.
H igh milk prices are another matter.
No sooner does the price start to go up than certain people begin to won-der about the poor consumers and when they're likely to stop buying product. Plus, a good run up in prices eats into the margins of many handlers. That's only a problem, however, until the prices go down again. Margin is then adjusted quickly. T hat's probably enough cynicism for one summer.