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Dairy ingredient supplier Maxum Foods says dairy market fundamentals stayed mixed at the end of October 2022. China's strict COVID policy is weighing on demand, while US milk growth is expected to weaken into 2023.
Poor crop yields and Black Sea trade threats are expected to firm feed markets.
Firmer feed markets combined with slowing milk growth could squeeze dairy margins and support feed demand heading into 2023.
dairynews7x7.comDairy News 7x7 Editorial TeamNov 4, 2022Not 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.
