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UW-Madison dairy marketing specialist Bob Cropp says milk prices are recovering strongly and approaching 2014 levels after nearly five years of weak prices. He expects domestic demand to be solid and US exports to grow modestly in 2020 as output lags in Argentina and Australia.
Expectations of firmer exports and domestic demand support a stronger milk price outlook, which in turn supports dairy herd feed demand.
midwestfarmreport.comPam JahnkeNov 1, 2019Not 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.
