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NMPF economist Peter Vitaliano argues US milk production has entered a period where expansion will be more restrained than in past years, with dairy farmers under unusual financial stress. He suggests this could bring a new wave of farm consolidation.
Slower output growth from financial stress tightens milk supply, which supports prices and could moderate dairy feed demand over time.
hoards.comJan 10, 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.
