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USDA data for September showed US cheese output at 1.08 billion pounds, up 2.1% year on year, and dry milk and whey products rising sharply. The report noted that Dean Foods filed for bankruptcy and AMPI closed two plants.
Higher dry whey and milk powder output adds supply to dairy protein markets, while plant closures point to consolidation in processing capacity. Net price impact on dairy feed ingredients is limited.
dairyreporter.comBeth NewhartNov 14, 2019After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
