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US milk production is reaching record levels, with monthly increases showing robust output. Analysts note that when milk is plentiful, commodity inventories swell and prices fall.
Record milk output is the main downward pressure on dairy product and producer milk prices, reducing dairy demand for feed ingredients.
en.edairynews.comDesirée JuarezJul 27, 2021After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
