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University of Wisconsin economists said restrained milk output in the US, New Zealand and EU should support prices and create US export opportunities. Cheese prices have eased from about $3 to $2.62 per pound, but remain about $1 above global levels, which could challenge exports.
Lower global milk supply supports dairy prices, though cheese export competitiveness is constrained while US prices remain above world levels.
capitalpress.comCAROL RYAN DUMASCapital PressJul 29, 2020Not 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.
