Loading…
US whole milk powder imports rose 51% in January to May 2023 compared with a year earlier, and non-cheese dairy exports were up 80%. The article links the import surge to pressure on farm milk prices as domestic Class I sales decline.
Rising dairy imports and export growth add supply to the US market and pressure Class III and Class IV prices. Lower farm milk prices reduce dairy producers' feed purchasing power.
agmoos.comAgmoosJul 6, 2023After 49 past bearish trade events, Milk (Class III) moved a median -0.3% over 5 sessions (39% higher; middle half -4.7% to +1.5%), and -0.4% over 20.
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.
