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MRV's commentary notes U.S. milk production has fallen about 1% year over year for 14 consecutive months, while butterfat and protein output has risen. It also flags the expiration of the Farm Bill on Sept.
30, 2024, creating uncertainty over dairy support programs.
Persistent milk output declines tighten dairy supply and could support prices into 2025, especially if farm policy support lapses. Feed demand from dairy herds depends on this outlook.
mrvdairysolutions.comOct 30, 2024After 17 past bullish policy events, Milk (Class III) moved a median -0.6% over 5 sessions (29% higher; middle half -1.6% to +0.2%), and -3.0% 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.
