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Global milk collection slowed, with January 2022 output down 2 percent from a year earlier and EU collection down almost 1 percent. Hot, dry US weather and rising input costs are further curbing farm output, while cheese and cream demand remains strong.
Weaker milk collection reduces fat availability, pushing butterfat and dairy prices higher. Tight global dairy supply supports demand for feed and dairy ingredients.
lactalisingredients.comAline Hazard AntoineApr 14, 2022After 32 past bullish weather events, Milk (Class III) moved a median +0.1% over 5 sessions (50% higher; middle half -0.7% to +3.4%), and +3.2% over 20.
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.
