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Rabobank analysts report that milk production in major dairy-exporting countries is lower in 2019 than 2018, with further contraction expected in New Zealand and Australia. US milk output has been flat, butter stocks have eased toward normal, and record cheese inventories have flattened.
Tightening global milk supply and reduced stocks support dairy prices into the coming months, which can raise demand for dairy-based feed ingredients and affect feed cost planning.
capitalpress.comCAROL RYAN DUMASCapital PressJul 11, 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.
