Loading…
CME futures point to second-half 2019 milk prices averaging $19.10 per hundredweight, versus $17.45 in the first half. Dairy product consumption is outpacing production, and US nonfat dry milk prices have already improved.
The Dairy Margin Coverage program is also providing support to producers.
Stronger demand relative to flat milk output lifts milk and dairy product prices into the second half, improving the outlook for dairy-based feed ingredients.
lakenormanpublications.comPeter VitalianonNational Milk Producers FederationAug 20, 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.
