Milk was the top preforming commodity in 2011, beating out crude oil, gold and cattle.

Milk futures jumped 41% in 2011 due to  an increase in rising populations, increased exports and rising world incomes. Milk futures reached their highs in August 2011, but still ended the year as the number one commodity performer.

Following along with milk is dry whey, a milk by product used in sports drinks, snacks and baby formula. Whey priced increased 75.13%.

Lots of analyst believes that milk exports will rise in Canada, Mexico, Japan, China, Philippines and Indonesia, the six biggest buyers in the world.

Even though milk future rose during the year, it didn’t necessarily mean bigger pay days for the farmers, as feed prices also increased throughout the year.

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