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RaboResearch says global milk supply across the Big 7 export regions will grow 0.5% in the second half of 2024 and 0.8% in 2025. U.S. October milk output rose 0.2% year over year, the third straight annual gain, with 2025 expected to grow 0.9%.
Modest global supply growth is not expected to overwhelm demand, so dairy prices should stay firm but ease in 2025, a mildly bearish signal for milk values.
hoards.comLucas Fuess, RaboResearch Food &, AgribusinessDec 12, 2024After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
