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USDA data show March US milk production fell 0.4% year over year as dairy cow numbers declined for a ninth-plus month and cow slaughter ran about 6% higher. Milk per cow rose only 0.5%, and fluid milk sales continued to drop.
Shrinking herd size and slowing output tighten the milk supply, supporting milk prices and signaling lower dairy-byproduct availability for feed over time.
hoards.comInterPuls acquires ADFApr 22, 2019After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
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.
