Milk markets still 'bummed out' by export trade handicap

After 49 past bearish macro events, Milk (Class III) moved a median -0.6% over 5 sessions (33% higher; middle half -8.5% to +0.6%), and -7.5% over 20.

• Apr 3, 2020U.S. dairy farmers dump milk as pandemic upends food markets-5.0%
• Apr 30, 2020Milk is being dumped. Why is it so hard to address dairy market chaos? - CSMonitor.com-1.2%
• Feb 25, 2021Dairy is testing historical market limits+5.2%
• Oct 26, 2020Stephenson: Pandemic will weigh on dairy markets into 2021 - Progressive Dairy | Ag Proud-0.2%
• Jul 18, 2022Trepidation has begun to grip milk futures+0.0%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Aug 29, 2016Fed impact on markets still in play+0.7%
• Jan 26, 2022LIVE MARKETS Wall Street wobbles as the Fed gets its hawk out+0.2%
• Feb 6, 2026DXY surges: Pressure on domestic exchange rates and impact on export markets.-0.8%
• Oct 1, 2018Gold markets: Dollar, the Fed, trade in focus+0.7%
• Nov 9, 2016Market shrugs off losses and brings on the 'Trump trade'+3.1%