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A Progressive Dairy analysis says US milk production growth slowed from 1.7% in August 2022 to 0.8% in December, while USDA projects 1% to 1.1% growth for 2023. Dairy cow numbers rose slightly in late 2022, and exports could challenge last year's record.
Slower-than-expected US milk supply growth and cautious export expectations shape the demand outlook for dairy and feed, with risk management increasingly important for producers.
agproud.comPeter VitalianoMar 1, 2023After 15 past neutral macro events, Milk (Class III) moved a median -0.2% over 5 sessions (27% higher; middle half -2.1% to +0.1%), and -3.2% 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.
