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Dairy market sentiment has changed little since the start of 2024, with weaker global milk supply offset by sluggish demand that has kept most dairy product prices rangebound. The author sees the bottom in most dairy commodity prices and CME forward curves pointing to mostly higher Class III and Class IV prices later in the year.
Expectations of a price recovery from a tight global milk supply support dairy prices and could lift demand for dairy-related feed ingredients later in 2024.
dairyherd.comLucas FuessMar 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.
