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At a Minnesota dairy expo, Cornell economist Chris Wolf said US milk production has been flat for two years because processors lack storage and processing capacity. He noted that butterfat content has risen to about 4.5% as animal fat demand has grown.
Butterfat prices have risen in response.
Flat US milk output with strong component demand supports dairy prices, though the effect on feed demand is limited.
dairystar.comEmily BrethMar 9, 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.
