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Irish Farmers' Association reports worldwide milk production by major exporters turned negative in February, with Australia down 12.6% and EU volumes lower. It notes ten consecutive positive GDT auctions and Rabobank expects lower output growth through 2019.
Tightening global milk supply and a string of GDT price gains point to firmer dairy prices, supporting milk-linked feed ingredient values.
ifa.ieApr 17, 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.
