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US milk output fell in 15 of 24 major dairy states in November, lowering overall production 0.4%. Class III and IV futures for 2022 have risen on tight milk and product supplies, with Rabobank noting prices at levels not seen since 2014.
Declining milk output and tight supplies support higher dairy prices, which can improve dairy producers' capacity to pay for feed.
hoards.comCorey GeigerDec 29, 2021Not 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.
