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University of Wisconsin dairy expert Mark Stephenson says the dairy market is still struggling with too much milk and dairy product. He sees signs of optimism as strong import demand may draw down storage stocks toward year end, with a price bounce likely by the third quarter.
Expected drawdown of dairy stocks and buying at low prices would support dairy prices later in 2019, though oversupply limits near-term gains.
brownfieldagnews.comLarry LeeMar 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.
