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Dairy analysts and the USDA forecast higher U.S. dairy prices by late 2019, with most of the modest gain expected in the second half and especially Q4. USDA raised its global price estimates and its U.S. export forecast, and raised butter, whey and nonfat dry milk price forecasts.
Slowing milk output growth and the sell-off of EU surplus dry dairy stocks are tightening supply, which supports higher milk prices. Feed buyers should expect dairy-sector demand to firm gradually later in the year.
farmprogress.comFeb 26, 2019After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.
