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NMPF chief economist Peter Vitaliano said milk supply growth, driven by cow numbers, is the main factor pressuring producer prices, while dairy demand and output per cow trend steadily upward. His remarks came from a World Dairy Expo seminar on September 29.
Cow-number growth as the key driver of price pressure highlights the risk of rising milk supply eroding dairy margins and feed demand.
morningagclips.comPatrickOct 13, 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.
