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MCT Dairies reports US milk production was 1.5% higher in April year over year, with year-to-date growth near 1%. Processors are seeing rising milk solids per farm, with true protein growing 1.4% compound annually over five years, and new capacity being added across cheese, butter and powders.
Rising component-rich milk and new processing capacity point to ongoing dairy supply growth. This supports the case for steady-to-softer milk prices and feed-linked dairy byproduct availability.
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