◂ Event Timeline

Jan 5, 2022MARKETGlobal

Milk Price Has Still Not Reached Peak Level

Rabobank analyst Richard Scheper expects milk prices to stay firm through the first quarter of 2022, with the peak possibly in Q1 or later. Global dairy production fell to a level not seen since 2014, and strong Chinese import demand has supported prices.

High feed costs in Europe and the US have limited farmer output growth.

WHY IT MATTERS

Tight global dairy supply and high feed costs keep milk prices elevated and constrain herd expansion, which supports continued strong dairy feed demand.

AFFECTSMilk (Class III)▲

SOURCE
en.edairynews.comDesirée JuarezJan 5, 2022

Price reaction & history

Milk (Class III)▲bullishSO FAR1d +12.2%5d +10.6%20d +10.3%

Not 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.

Linked price moves

Milk (Class III)+12.2%5 periods to Jan 5, 20224.2σ
Rabobank's view that milk prices stay firm with global production at 2014 lows and strong Chinese import demand supported bullish sentiment.
Milk (Class III)+12.2%1 period to Jan 5, 202224.2σ
Rabobank view of global production at multi-year lows and strong Chinese import demand supports bullish sentiment and supply tightness.

Milk (Class III) MILK · GP ▸

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