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US dairy margins for June under the Dairy Margin Coverage program are the weakest in about a decade, driven by lower milk prices during the spring flush. Higher milk output after last year's record prices has compressed margins, and futures point to a rebound into fall and winter.
Compressed producer margins can slow herd and milk output over time, which supports a later price recovery. Near-term milk prices remain weak until the seasonal decline passes.
aginfo.netAug 3, 2023Not 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.
