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Dairy industry data show strong growth in domestic cheese consumption and exports during the first quarter of 2022. Milk prices reached record monthly levels in March, while input costs remain at or near record highs.
Solid cheese demand supports dairy output, but high input costs such as feed and fuel squeeze producer margins and may limit herd expansion.
wisfarmer.comDMI, NMPF, Wisconsin State FarmerMay 27, 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.
