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A February 2021 dairy report says cooperatives are again curbing milk output growth through base plans, which has steadied but kept low cheese and milk prices. It also reports the 2020 average all-milk price at $18.30 per cwt and a decline in licensed US dairies to 31,657.
Output restraint and steady low prices reduce the pressure on dairy feed demand and point to limited milk price upside. The effect on feed markets is modest.
en.edairynews.comDamián MoraisMar 2, 2021After 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.
