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Rabobank says dairy farm margins remained squeezed in early 2023 by weak milk prices and high input costs. Dairy values appear to have reached a bottom after declining through late 2022, while consumers are seeking better value.
Persistent farm margin pressure can limit milk output and feed purchases, while a price bottom suggests dairy-side feed demand may stabilize.
hoards.comLucas Fuess, RaboResearch Food &, AgribusinessApr 6, 2023Not enough comparable past events yet for a historical read.
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.
