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A market analyst expects a seasonal dip in US milk prices because cheese demand is weak in February, with cheese near $1.80 per pound. He says milk powder markets look stronger as European stocks have been depleted and New Zealand supply is falling.
Seasonal softness in cheese and firmer powder markets create mixed signals for milk prices, with powder strength supporting prices.
brownfieldagnews.comLarry LeeFeb 11, 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.
