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Dairy analyst Matt Gould says US dairy product demand is weaker than expected, citing Fed rate hikes, a slowing economy and easing supply chains. US dairy prices have fallen below world levels, making American products cheaper for international buyers.
Weaker domestic demand and lower prices reduce dairy values and the outlook for dairy-based feed ingredients, though export buying could offer support.
capitalpress.comLEE MIELKEFor the Capital PressJul 12, 2022After 49 past bearish macro events, Milk (Class III) moved a median -0.6% over 5 sessions (33% higher; middle half -8.5% to +0.6%), and -7.5% 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.
