Loading…
Purdue's outlook reviews 2020 dairy markets, noting USDA's 2020 milk production forecast at 222.5 billion pounds, up 0.2 billion from October. US dairy prices have become competitive on world markets, with expected gains in exports of cheese, butterfat and skim milk powder.
Growing US export competitiveness supports demand for US dairy products, partly offsetting the downward pressure from higher milk output.
ag.purdue.eduSarah E Zahn, Morgan FrenchJan 1, 2021After 18 past neutral trade events, Milk (Class III) moved a median -0.4% over 5 sessions (39% higher; middle half -2.9% to +1.1%), 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.
