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An INTL-FCStone economist said global milk production growth slowed in the fourth quarter of 2019 roughly in line with forecasts, with weather not significantly denting output in major exporting regions. Two Global Dairy Trade auctions in December produced lower prices.
Slowing milk supply growth alongside softening GDT prices suggests a balanced global dairy market, with prices expected to improve modestly in the coming auction.
brownfieldagnews.comNicole HeslipJan 3, 2020After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
