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Rabobank's Global Dairy Quarterly projects global milk output growth through 2017, with US production rising on improving feed margins. Butterfat demand is outpacing supply, and European output has grown more slowly.
Senate proposals would shorten machinery depreciation schedules.
Improving feed-to-milk margins support higher US dairy herd output and stronger feed demand, while the butterfat shortage supports dairy prices.
agproud.comDave NatzkeJun 28, 2017After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
