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Mark Stephenson of the University of Wisconsin-Madison said he expects US all-milk prices in 2022 to be $4.25 to $4.30 per cwt above 2021. He cited strong domestic at-home food demand and US dairy exports equal to 17.5 to 18% of total milk production.
Expected strength in domestic demand and exports supports dairy product prices and milk income. This points to a healthier dairy sector and steady demand for dairy feed.
Not 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.