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Record-high U.S. retail prices for milk, butter, ice cream and yogurt are beginning to reduce domestic dairy consumption at retail and in food service. Yogurt consumption has turned negative in 2022, while dairy exports recovered strongly in April.
Demand softening at high prices could limit further dairy price gains and cap milk prices. Strong exports offset some of the domestic pressure.
wisfarmer.comDMI, NMPFJun 22, 2022Not 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.
