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US milk prices peaked in November 2020 and are not expected to return to similar levels until the second half of 2021. Dairy consumption rose in 2020 as retail purchases stayed strong, while milk production grew about 3% year on year.
Rising output against a seasonal price peak that is fading points to softer milk prices into early 2021, reducing dairy income for feed buyers.
farmprogress.comJan 26, 2021Not 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.
