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A Purdue Center for Commercial Agriculture commentary outlines factors to watch in dairy markets in 2024, including household budget pressure from inflation, energy price volatility, and shifts between food eaten at home and away from home. It notes food away from home made up 56% of food spending in 2022.
Consumer spending shifts and inflation could change dairy demand, affecting milk prices and demand for dairy feed inputs.
ag.purdue.eduSarah E Zahn, Morgan FrenchJan 16, 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.
