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USDA data showed US milk production fell 0.4% in all 50 states in March, with national dairy cow numbers down 10,000 from February. Industry analysts Bob Cropp and Mark Stephenson said the slowdown could support a higher milk price forecast.
Falling cow numbers and slower milk output tighten supply, supporting milk prices and reducing dairy by-product availability for feed.
en.edairynews.comDamián MoraisApr 25, 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.
