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The Bullvine reports that US milk production rose about 1% year over year in February despite expanded herds. The all-milk price fell $0.50 to $23.60/cwt, while the DMC margin stayed at $13.12/cwt.
Growing herds and output outpacing demand keep pressure on milk prices, though healthy margins may support continued production.
Not 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.