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Sep 19, 2019REPORTUS

U.S. milk production growth remains small in August - Progressive Dairy

USDA's August Milk Production report showed US output up just 0.2% year over year, the eleventh straight month below 1% growth. The dairy herd contracted only slightly as cow numbers in July were revised higher.

WHY IT MATTERS

Persistently minimal milk growth and a stabilizing herd keep supply tight, supporting milk prices and dairy demand for feed.

AFFECTSMILK▲

SOURCE
agproud.comDave NatzkeSep 19, 2019

Price reaction & history

MILK▲bullishSO FAR1d 0.0%5d +0.1%20d +2.0%

After 237 past bullish report events, MILK moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.

Oct 12, 2020USDA milk production, price and feed cost projections all raised - Progressive Dairy | Ag Proud+2.2%
Nov 10, 2021Weekly Digest: USDA outlook sees deeper milk production cuts - Progressive Dairy | Ag Proud-0.8%
Sep 11, 2021USDA outlook reduces milk production estimates, forecasts better margins - Progressive Dairy | Ag Proud+0.1%
Dec 11, 20192020 milk price outlook improves - Progressive Dairy | Ag Proud-0.3%
Jun 28, 2017Weekly Digest: Milk fat demand outpacing production growth - | Ag Proud-4.1%

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.

MILK · GP ▸

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