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U.S. milk futures are nearing a nine-month high of about 17 cents per pound. Low-cost corn and soybeans are seen as favorable for dairy farmers, though the column warns of possible trouble ahead.
Strong milk prices alongside cheap feed encourage herd expansion, which could raise milk supply and later weigh on dairy demand for feed.
record-eagle.comWALT AND ALEX BREITINGER Futures FileNov 25, 2017Not 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.
