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US dairy farms are closing amid declining milk prices, weaker export demand linked to Trump's trade disputes, and shifting consumer tastes. The US has lost nearly 20,000 licensed dairy farms over the past decade, and Dean Foods filed for bankruptcy in November.
Shrinking dairy herds reduce long-term demand for feed, while trade friction weakens export outlets for dairy products.
cnbc.comEmma NewburgerJan 4, 2020After 49 past bearish trade events, Milk (Class III) moved a median -0.3% over 5 sessions (39% higher; middle half -4.7% to +1.5%), and -0.4% 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.
