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DMI and NMPF data show US milk and milk solids production growth through September had its fastest four-month slowdown in two decades, with the decline continuing into October. Herd dispersals, particularly among large herds, are reported, and national milk prices have hovered around the low $18/cwt range.
A shrinking US dairy herd signals future tightening of milk supply, which is supportive for milk prices and dairy demand for feed.
wisfarmer.comDMI, NMPF, Wisconsin State FarmerNov 30, 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.
