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The US all-milk price was flat from June to July while the Dairy Margin Coverage feed cost fell $0.66/cwt, lifting the July margin to $12.33/cwt. Fluid milk consumption rose year over year in most recent months, and dairy exports were up in July.
Stronger dairy margins and export demand support farm milk output and feed buying, though steady milk production declines keep supply tight.
issuu.comSep 26, 2024After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
