It doesn't have anything to do with oil prices. Oil is only up 1% since last year, and it's around the same price it was in 2008. Oil ain't got nothing to do with it.
It's because the supplement industry has exploded in the past few years. Demand has exploded, everybody is buying supplements, and the supply of dairy in the world hasn't quite kept up.
Hell, even Pepsi got into the whey game - they even have a gatorade with whey nowadays.
Take a look at the table at the bottom of this page - Strength of NDM, dry whey boost 2012 price outlook slightly | DairyBusiness
Good news however, raw whey prices are slightly down this month.
It's because the supplement industry has exploded in the past few years. Demand has exploded, everybody is buying supplements, and the supply of dairy in the world hasn't quite kept up.
Hell, even Pepsi got into the whey game - they even have a gatorade with whey nowadays.
Take a look at the table at the bottom of this page - Strength of NDM, dry whey boost 2012 price outlook slightly | DairyBusiness
Good news however, raw whey prices are slightly down this month.