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Canadian dairy analysts report that a 2.2% butter support price increase took effect February 1, though their forecasts underestimated first-quarter butterfat prices. Revenue forecasts for 2023 rose by $1.18/hl for Western Milk Pool producers and $0.74/hl for producers in the P5 region, but profits remain tight.
Higher butterfat prices and support increases lift farm revenue, but thin margins may limit herd expansion and milk supply growth.
dairyproducer.comTanya EadieMay 3, 2023After 93 past neutral policy events, Milk (Class III) moved a median -0.0% over 5 sessions (48% higher; middle half -0.6% to +0.6%), and +0.2% 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.
