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An AARP article lists five grocery staples with large price increases, including milk, which is up 17% over the past year. It cites corn costs and labor as contributors to dairy prices.
It also notes that the USDA expects modestly lower milk prices in 2023 as the dairy herd expands.
Higher feed and labor costs are feeding into dairy prices, though USDA expects moderation as herd expansion adds supply. Dairy producers' margins depend on the relationship between milk prices and feed costs.
aarp.orgJohn WaggonerJul 20, 2022After 20 past bullish macro events, Milk (Class III) moved a median +0.1% over 5 sessions (55% higher; middle half -0.1% to +2.4%), and +2.4% 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.
