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Dairy markets are trading sideways with little prospect of forecast price improvement. Cow numbers, global milk output, high product inventories and trade patterns offer little optimism for higher prices.
Persistent oversupply and high inventories cap milk prices and limit producers' ability to pay for feed.
hoards.comNov 28, 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.
The outlook of sideways markets, high inventories, and rising global output reduces optimism and supports bearish positioning.
