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Dairy analysts Mark Stephenson and Bob Cropp see optimism on prices but flag uncertainty. Cheese stocks fell 2% while butter stocks rose 14%, and milk output rose 4.7% in May and 2.9% in June.
Western heat, drought and water rationing are a concern for future dairy production.
Cheese support against growing butter stocks and rising output leave milk prices mixed, while western drought could eventually tighten dairy and forage supplies.
en.edairynews.comDesirée JuarezJul 28, 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.
