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University of Wisconsin economists Bob Cropp and Mark Stephenson say USDA's delayed December milk production report shows slower growth and lower cow numbers. They expect export growth and slowing international milk output to lift prices in the second half of 2019, and they are more optimistic than CME futures.
Slower US and global milk output combined with firmer exports would tighten supply, supporting milk prices later in the year. Their view is more bullish than current futures pricing.
agproud.comDave NatzkeFeb 25, 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.
