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Western US fluid milk output is still low in California and falling in Arizona and New Mexico, with plant holiday shutdowns affecting intake. Pacific Northwest supplies are plentiful as cooler weather lifted production.
Class I demand is easing as school summer programs wind down.
Tight California and Arizona supply versus plentiful Northwest milk leaves regional balances mixed. Seasonal Class I demand softness may cap near-term milk prices.
capitalpress.comStaff ReportsJul 5, 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.
