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An industry analysis argues that milk solids per cow are a better productivity measure than milk per cow, citing NMPF's chief economist. It notes butter, cheddar, nonfat dry milk and dry whey drive milk prices through federal order formulas.
Because small supply changes produce large price swings under the current system, tracking milk solids growth helps buyers anticipate dairy price and byproduct availability.
dairyherd.comOct 19, 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.
