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Milk production surges from large swings in cow numbers can create excess supply that outpaces domestic demand growth. Export sales are not strong enough to absorb the surplus.
Producer milk prices come under pressure when consumption growth lags.
Excess milk supply weighs on producer prices when demand growth does not keep pace. Dairy buyers may see softer milk-based feed ingredient values in that environment.
agproud.comDave NatzkeOct 9, 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.
