
Ever.Ag's April dairy forecast panel outlined a bullish case for US dairy exports, which are priced attractively globally, especially to China and Europe. The bearish case cites weak consumer sentiment, slower foodservice demand and continued growth in US milk production.
Higher beef prices are affecting dairy culling trends.
Balanced export and production drivers suggest limited near-term price direction for milk. Feed buyers should watch culling rates and production growth for future dairy feed demand.
Not 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.