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The National Milk Producers Federation economist expects 2020 milk prices to be about a dollar higher than 2019 futures levels. He identified cheddar cheese, nonfat dry milk and milk production trends as the main price drivers.
Expected higher milk prices support dairy herd feeding budgets, though the outlook depends on production trends that could shift.
brownfieldagnews.comNicole HeslipJan 2, 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.
