Loading…
After five years of low prices, some U.S. dairy operations are back above break-even, with milk roughly $1.30 to $1.40 per hundredweight higher than a year earlier. Cheese prices have been volatile, but inventories are being drawn down.
Domestic dairy demand has been strong, while U.S. cow numbers are down about 30,000 head so far in 2019.
Lower cow numbers, slower milk output growth and declining cheese stocks support higher milk prices. Buyers of dairy-based feed inputs should expect firmer dairy markets.
agweek.comMichelle Rook, AgweekTV AnchorOct 14, 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.
