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A University of California-Davis study finds that byproduct feeds are a major part of California dairy rations, with more than 70 distinct byproducts used on farms. The 2019 survey found 97% of milk cows in the San Joaquin Valley were on dairies feeding byproducts.
Heavy reliance on byproduct feeds means dairy demand for these ingredients stays structurally strong, supporting byproduct values in California. The analysis is background rather than a new price-moving event.
agproud.comJames G. Fadel, Ziyang Fu, Jarrett D. Hart, Scott Somerville, Daniel A. SumnerOct 8, 2021Not enough comparable past events yet for a historical read.
After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% over 20.
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.
