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ProAg explains how export demand affects US domestic milk prices, using 2007 and 2014 as examples of rising exports lifting prices. It notes US production has grown about 1.5% annually since 2000 against 1.36% consumption growth, and that European milk powder stocks have largely been depleted.
Stronger export demand and depleted EU powder stocks support US milk prices, though this piece is explanatory rather than reporting a new market event.
proag.comApr 22, 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.
