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Dairy Herd notes that dairy markets had been under pressure for about a month before a brief rebound in cheese and milk futures faded. Buyers are less aggressive while spot sellers push loads to market, and commercial dairy disappearance is running about 0.5% below a year earlier.
Softer demand and continued spot selling keep milk futures under pressure, limiting upside for dairy-linked feed demand in the near term.
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.