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USDA's Long-term Projections Report sees the all-milk price rising by $3.25 from 2018 levels to $19.65 per cwt by 2028. Milk supply is projected to grow about 15 percent over the decade, driven by per-cow yield gains.
Rising incomes in developing countries are expected to lift dairy consumption.
The long-run outlook points to firmer milk prices and a larger supply base over the decade, relevant to dairy feed demand planning. Near-term price impact is limited because this is a projection rather than a new shock.
brownfieldagnews.comNicole HeslipMar 28, 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.
