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An economist expects Class III milk prices to level off and Class IV to reach $15 within three months on butter and nonfat dry milk demand. He says world dairy stocks are being drawn down as major exporters cut production.
He flags concern over renegotiating trade agreements.
Lower milk output in major exporting countries and tighter world stocks support export demand and dairy prices. Trade-deal risk is the main downside factor.
brownfieldagnews.comLarry LeeFeb 28, 2017After 41 past bullish trade events, Milk (Class III) moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% 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.
