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Dairy supply is contracting, with milk, cow and milk solids production falling into negative territory in October. US dairy exports reached a record 17.6 percent of milk solids production in the first ten months of 2021.
Domestic consumption has been sluggish, while cheese production remains the preferred outlet for available milk.
Lower milk output and record exports tighten dairy supplies, supporting milk prices and the demand outlook for dairy feed ingredients.
eu.wisfarmer.comJan 3, 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.
Contracting milk supply and record export share of milk solids tighten domestic availability, underpinning cheese and Class III prices.
