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An opinion column reports that US milk solids disappearance rose about 40% since 2000 to 28.7 billion pounds in 2019. Domestic demand hit a record while exports fell 7% in 2019, with milkfat driving demand growth.
Steady domestic milkfat demand supports dairy prices, but the column describes long-run trends rather than a new price driver.
agproud.comCalvin CovingtonMar 31, 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.
