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The USDA dairy market report shows that US milk production was below year-ago levels for 12 consecutive months through June 2024. Domestic commercial dairy use was flat, and dairy product and farm-level prices have continued to rise.
Persistent production shortfalls and rising prices support milk and dairy product values, which in turn influence farm margins over feed costs.
issuu.comAug 22, 2024After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.
