Loading…
Rabobank expects slow, steady dairy commodity price gains in the second half of 2024. Global milk supply has weakened for two quarters, but sluggish demand and ample buyer inventories have neutralized the supply pullback.
Weak global supply growth could eventually lift dairy prices, but soft demand limits near-term gains. Feed buyers should expect a gradual, not sharp, recovery in milk values.
dairyherd.comLucas FuessMay 2, 2024Not 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.
