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Class III milk futures topped 20 cents per pound for the first time since 2014 as production stagnated. Hopes for renewed dairy exports to Mexico, Canada and China are also supporting the rally after trade disputes had reduced foreign demand.
Stalled milk output and recovering export prospects are tightening the market and lifting dairy prices, which bears watching for dairy-derived feed ingredients.
journalgazette.netWALT, ALEX BREITINGER, Breitinger, Sons LLCNov 15, 2019Not 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.
