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Weekly dairy review reports record US dairy export volume in May of 579.2 million pounds, up 4.8% year over year. USDA also reported a record May Dairy Margin Coverage margin of $12.51 per cwt, and corn ending stocks were projected at 1.485 billion bushels.
Strong export volumes support dairy demand and prices, while high margins signal robust milk returns that can sustain dairy feed purchases.
centerfordairyexcellence.orgJul 13, 2022After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.
