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Mike North of Ever.ag says large dairy inventories are pressuring prices and could weigh on the U.S. market for a long time. The U.S. is gaining some short-term cheese export sales, but the strong dollar keeps longer-dated 6, 9 and 12-month export deals from materializing.
Heavy inventories and a strong dollar limit export demand for U.S. cheese and dairy, which keeps Class III milk prices under pressure and caps feed demand from the dairy sector.
brownfieldagnews.comLarry LeeFeb 12, 2024Not enough comparable past events yet for a historical read.
Not 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.
