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Dairy economists Mark Stephenson and Bob Cropp said dairy prices have likely bottomed after a recent surge in dairy product and milk futures. May US milk production rose 1.2 percent, and cow numbers were steady.
Slowing worldwide milk output and lower stocks support a gradual price recovery, though the economists do not expect it to be explosive. Milk futures are the key price signal.
agproud.comDave NatzkeJun 25, 2016Not 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.
Economists said prices likely bottomed after a surge in product and milk futures, which supports a sentiment shift toward buying.
