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CoBank reports US milk volume has declined for 14 consecutive months through September 2024, while butterfat and protein output has grown. Over 80% of US milk goes into component-dependent products, decoupling milk volume from product output.
Rising component output supports manufactured dairy supply even as raw milk volume falls, limiting upside to milk prices from tighter volumes alone.
dairyproducer.comTanya EadieOct 1, 2024Not 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.
